Austar Says FIRB Review Of Foxtel Proposal Extended By 90 Days
04 Octubre 2011 - 8:11PM
Noticias Dow Jones
Austar United Communications Ltd. (AUN.AU) said Wednesday
Australia's Foreign Investment Review Board has extended its review
period of a A$2 billion takeover bid by fellow pay television
operator Foxtel by 90 days.
Austar said in a statement FIRB is deferring its decision until
the Australian Competition and Consumer Commission has finished its
assessment of the deal.
"Austar remains committed to bringing the transaction with
Foxtel to a successful close as soon as possible," Austar said.
Foxtel is 50%-owned by Telstra Corp. (TLS), while News Corp.
(NWS) and Consolidated Media Holding Ltd. (CMJ.AU) each have a 25%
stake. News Corp. owns Dow Jones Newswires and The Wall Street
Journal.
-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095;
gavin.lower@dowjones.com
Aurumin (ASX:AUN)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Aurumin (ASX:AUN)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Aurumin Limited (Australian Stock Exchange): 0 recent articles
Más de Austar United Communications Artículos de Noticias