Reuters: Mergers News: Austar confident will get ACCC ruling before court deadline

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Austar confident will get ACCC ruling before court deadline Mar 30th 2012, 04:45 March 30 | Fri Mar 30, 2012 12:45am EDT March 30 (Reuters) - Australian pay-TV firm Austar United Communications said it has every reason to believe the competition watchdog will give its ruling on a $2 billion takeover by larger rival Foxtel before a planned hearing for court approval on April 13. An executive made the comments at a shareholders' meeting on Friday to vote on the takeover. The final vote tally at the meeting showed 97.59 percent of shareholders were in favour of the deal. The Foxtel takeover has an April 17 deadline and Austar has not said whether it would extend an agreement beyond that date.

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