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
Also check out:
- Mario Gabelli Undervalued Stocks
- Mario Gabelli Top Growth Companies
- Mario Gabelli High Yield stocks, and
- Stocks that Mario Gabelli keeps buying
About the author:
Adib MotiwalaAdib Motiwala is a Portfolio Manager at Motiwala Capital LLC, an investment management firm that manages separate accounts for its clients.