- Investors in Charter Communications (CHTR -1.5%) can expect big share buybacks, says the founder of hedge fund TCI -- and maybe even a Big Four telecom takeover bid.
- Speaking at the Sohn Conference in London, TCI founder Chris Hohn (who owns 5% of Charter) said Verizon (VZ -0.4%) could be interested in a takeover bid "over time."
- "Margins are going to be much higher than consensus assumes," he says, which would feed profits and then extensive buybacks of up to 35% of outstanding shares.
TCI founder: Big buybacks, possible Verizon bid in Charter future
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Symbol | Last Price | % Chg |
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CHTR | - | - |
Charter Communications, Inc. |