Austar agrees to Foxtel takeover

Regional pay TV operator Austar says it has reached an agreement with Foxtel and Liberty over their $2.5 billion takeover offer.

Foxtel and Liberty are offering Austar shareholders $1.52 per share in cash, which is a 54 per cent premium to Austar’s trading price of less than $1 before takeover speculation started — via redwolf.newsvine.com