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

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

Advertisement Disclosure: When you purchase through our sponsored links, we may earn a commission from our partners. By using this website you agree to our T&Cs.

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

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Editor
Investing

Which Stocks Should You Buy, and Sell, in 2026?

Dave Kovaleski5 months

Also, the 3 sectors that Wall Street analysts are most bullish about. The usual suspects dominated in 2025 as both the Communication Services and Information Technology sectors helped boost the...