Cramer's Week of Shotgun Merger Proposals (RTP, AA, BHP, FCX, ITW, MTW, NKE, UA, PFE, AGN)

Douglas A. McIntyre

Cramer_imageJim Cramer came on CNBC’s MAD MONEY this week with several ideas for shotgun  marriage merger proposals he wanted to throw out there where he was calling for more mergers from the cash rich companies. 

Cramer’s Friday evening picks may have gotten some interest last year or even earlier this year, but these involve two companies which have already had their fair share of merger issues and non-events this year on top of the commodity bubble bursting.  Cramer believes that Rio Tinto (NYSE: RTP) should buy Alcoa (NYSE: AA) before the antitrust powers are able to actually block mergers.  Cramer also thinks BHP Billiton (NYSE: BHP) should go buy Freeport-McMoRan (NYSE: FCX) now that the forced selling has taken the stock down to $16.00 to take over the copper and minerals mining giant.

Yesterday Cramer said he’s like to see Illinois Tool Works (NYSE: ITW)buy Manitowoc (NYSE: MTW).  Cramer also thinks the time has come forNike (NYSE: NKE) to finally acquire Under Armour (NYSE: UA) now thesmaller company’s stock has been killed.

Wednesday, Cramer called for Pfizer (NYSE: PFE) to acquire Allergan(NYSE: AGN) now that Johnson & Johnson (NYSE: JNJ) decided to takeout Mentor Corp. (NYSE: MNT) for a huge premium.  Here was our own thought on the Allergan situation.

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Jon C. Ogg
December 5, 2008