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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
04/23/201417:10:55Liberty Global Files 8K - Direct Or Off-Balance Sheet Financial...
04/16/201403:29:51Ziggo Swings to 1Q Net Loss; 2014 Outlook Unchanged
04/04/201416:47:18Liberty Global Files 8K - Changes Executive Management
04/03/201408:10:02Dutch Cable Merger Faces EU Antitrust Review
04/03/201407:19:24EU Antitrust Chief Signals Brussels Will Review Dutch Cable Merger
03/25/201416:52:50Liberty Global Files 8K - Regulation FD
03/24/201417:32:16Liberty Global Files 8K - Other Events
03/19/201416:53:11Liberty Global Files 8K - Unregistered Equity Sales
03/14/201413:43:13Liberty Global Ends Talks to Buy U.K.'s Daisy Group -FT
02/24/201402:57:47Liberty Global, Ziggo Making Good Progress on Offer
02/14/201417:53:37Berkshire Reports New Position of 2.95 Million Shares of Liberty...
02/14/201411:44:52Correction to Thursday's Liberty Global Earnings Story
02/11/201416:24:10Charter Nominates Candidates for Time Warner Cable Board -- Update
02/11/201415:34:35Ono Will Go Ahead With IPO -- Update
02/03/201415:56:28John Malone in Preliminary Talks About Buying CVC Stake in Formula...
02/03/201404:59:09Daisy Group Signs Strategic Partner Services Pact with Virgin...
01/31/201417:27:48Liberty Global Files 8K - Entry Into Definitive Agreement
01/29/201414:21:21Spanish Cable Operator Ono Submits Preliminary IPO Prospectus...
01/27/201404:50:09Liberty Global to Buy Ziggo for $9 Billion
01/22/201409:09:32Liberty Global CEO: Says Looking to Spin Off Latin American Operations...

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