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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
04/23/201520:37:46Busted 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
03/25/201506:35:09Liberty Global Files 8K - Changes Executive Management
03/23/201506:38:21Liberty Global Files 8K - Regulation FD
03/23/201506:38:21Liberty Global Files 8K - Regulation FD
03/18/201514:16:42Liberty Global Files 8K - Regulation FD
03/17/201503:56:18UK Telecom Regulator Says Mobile Termination Rates to Fall Further
03/11/201514:50:08Liberty Global Files 8K - Regulation FD
03/05/201517:48:39Liberty Global Files 8K - Regulation FD
03/05/201517:00:00Liberty Global to Present at the Deutsche Bank 23rd Annual Media...
02/27/201506:44:12Liberty Global Files 8K - Regulation FD
02/26/201517:15:00Liberty Global to Present at the Morgan Stanley Technology, Media...

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