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Austar agrees to Foxtel takeover

By Red Wolf

12 July 2011

35 second read

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In Business, Entertainment

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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

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