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TCI founder: Big buybacks, possible Verizon bid in Charter future

Dec. 08, 2016 2:27 PM ETCharter Communications, Inc. (CHTR) StockVZ, CHTRBy: Jason Aycock, SA News Editor7 Comments
  • 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.

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