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Mario Gabelli Predicted Takeover of Thomas and Betts

January 30, 2012 | About:
Mario Gabelli, in this interview with CNBC in early 2011, mentioned a few companies that were attractive takeover targets. He mentioned Thomas and Betts (TNB) and said ABB (ABB) will get interested in it sooner or later.

Less than a year later, his prophecy has come true. Bloomberg reports ABB has offered to buy TNB for $3.7 billion in an all-cash offer: http://www.bloomberg.com/news/2012-01-30/abb-to-buy-thomas-betts-for-3-9-billion-to-expand-u-s-power-equipment.html

About the author:

Adib Motiwala
Adib Motiwala is a Portfolio Manager at Motiwala Capital LLC, an investment management firm that manages separate accounts for its clients.

Visit Adib Motiwala's Website


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