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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aurumin Limited | ASX:AUN | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.001 | 2.56% | 0.04 | 0.039 | 0.041 | 0.041 | 0.04 | 0.041 | 1,397,157 | 07:12:02 |
Pay television company Austar United Communications Ltd. (AUN.AU) said Friday it remains confident that a 1.9 billion Australian dollar (US$2 billion) buyout by pay television company Foxtel will be successful.
"Austar remains committed to, and confident of, bringing the transaction with Foxtel to a successful close," Chief Executive John Porter said in a statement.
The company said it would seek court approval to postpone shareholder meetings relating to the acquisition to the end of March to allow time for Australia's competition watchdog, the Australian Competiton and Consumer Commission, to complete its review of the deal.
Foxtel is 50% owned by Australian telecommunications giant Telstra Corp. (TLS.AU) and 25% each by News Corp. (NWS), the owner of this newswire, and Consolidated Media Holdings Ltd. (CMJ.AU).
-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095; gavin.lower@dowjones.com
1 Year Aurumin Chart |
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