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Austar CEO Says Will Advise Market If Receives Takeover Offer

MELBOURNE -(Dow Jones)- Regional subscription television provider Austar United Communications Ltd. (AUN.AU) said Wednesday it would advise the share market if it receives a takeover offer. Austar has been the subject of takeover speculation after it was revealed its major shareholder, U.S.-based cable communications company Liberty Global Inc. (LBTYB), had been in discussions with rival Australian pay television company Foxtel in relation to a possible takeover of Austar. Austar Chief Executive John Porter told analysts at a briefing that there was nothing new to report since a statement last month that it hadn't received a formal proposal from anyone. "We will advise you if there's any change in that situation," he said. Foxtel is 50% owned by Australian telecommunications company Telstra Corp. (TLS.AU), with media companies News Corp. (NWS.AU) and Consolidated Media Holdings Ltd. (CMJ.AU) each owning 25%. News Corp. owns this news wire. -By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095; gavin.lower@dowjones.com

Stock News for Liberty Global (LBTYB)
DateTimeHeadline
05/21/201514:39:41Liberty Global Files 8K - Regulation FD
05/20/201519:00:00Liberty Global Announces Distribution of LiLAC Tracking Stock...
05/20/201515:32:25Liberty Global Files 8K - Regulation FD
05/15/201519:55:34Third Point Sells Entire $1 Billion Stake in Alibaba
05/13/201517:46:09Liberty Global Files 8K - Direct Or Off-Balance Sheet Financial...
05/07/201518:54:42Liberty Global's Customer Growth Slows, Loss Widens
05/07/201517:10:00Liberty Global Reports First Quarter 2015 Results
05/01/201506:59:20Liberty Global Files 8K - Regulation FD
04/30/201518:00:00Liberty Global Schedules Investor Call for First Quarter Results
04/29/201517:52:04Liberty Global Files 8K - Direct Or Off-Balance Sheet Financial...
04/23/201520:37:46Busted Deal a Black Eye for Comcast CEO Brian Roberts
04/21/201503:20:09Sky's Earnings Climb on Subscriber Growth
04/21/201503:01:41Sky's Earnings Climb on Subscriber Growth in U.K., Germany
04/20/201517:42:46Liberty Global Confirms Telenet to Buy BASE for $1.4 Billion
04/20/201509:33:06Liberty Global Files 8K - Regulation FD
04/09/201513:35:33Chevron CEO Watson Paid $26 Million in 2014
04/06/201516:58:45Liberty Global Files 8K - Direct Or Off-Balance Sheet Financial...
04/02/201507:22:51Intel CEO Krzanich's Compensation Rises 17% to $11.2 Million...
04/02/201506:34:32Liberty Global Files 8K - Regulation FD
03/31/201520:09:24A Sweet New Job for Comcast CFO Michael Angelakis

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