LONDON Dec 8 The founder of hedge fund TCI said
on Thursday he expected U.S. firm Charter Communications
to carry out large share buybacks and could eventually
receive a takeover bid from Verizon.
"Margins are going to be much higher than consensus
assumes," Chris Hohn told the Sohn Conference in London, profits
that would help fund extensive share buybacks, totalling 35
percent of the outstanding shares.
Hohn, who owns 5 percent, also said he expected the company
to be a takeover target in a consolidating U.S. market. "We
think Verizon over time will buy Charter."
(Reporting by Maiya Keidan, Editing by Simon Jessop)