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



About the Author

Sydra Farooqui
Sydra is our content manager. She also is in charge of Search Engine Optimization of posts and pages. She is generally the person behind curtains who visualizes and implements the Social Media Strategy of the website. Sydra is one performance-driven, insightful individual, who is an important asset of our team. She holds a Bachelors of Business Administration from IU (Iqra University), one of the top universities.