Shares Rise
After confirming that talks between major shareholders Foxtel and Liberty Global would proceed, Austar United Communications' (ASX:AUN) shares rose more than 7 percent. The talks can lead to a takeover from Foxtel, but no formal bids have been guaranteed.
Shares rose to $1.315, adding as much as 9 cents or 7.4 percent. Shares in Austar are valued at around $1.63 billion.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
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- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
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- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)
