Mario Gabelli the Prophet? Predicted Takeover of Thomas and Betts a Year Ago

In Early 2011 CNBC carried out an interview of Mario Gabelli, in which he pointed out some companies that were enticing takeover targets. And he predicted ABB will soon be interested in Thomas and Betts.

His prediction has finally come true, within a year ABB has offered to buy Thomas and Betts for $3.7 billion cash, reports Bloomberg (Link below)

http://www.bloomberg.com/news/2012-01-30/abb-to-buy-thomas-betts-for-3-9-billion-to-expand-u-s-power-equipment.html

H/T: GuruFocus

H/T: Motiwala Capital

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