Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
Cramer told his viewers that the merger gods have delivered not one, but two deals for investors to mull over. First, Discovery Communications (DISCA) - Get Discovery, Inc. Class A Report is merging with Scripps Network (SNI) , and second, spice maker McCormick (MKC) - Get McCormick & Company, Incorporated Report is snapping up brands from Reckitt Benckiser for $4.2 billion.
On the surface, these deals may seem totally different but Cramer said they're the same, as these companies are merging to gain more clout with their distributors in an effort to stay relevant in challenging markets.
In the case of McCormick, adding such brands as French's mustard, Frank's Red Hot and Cattlemen's BBQ sauce will give the company more power when fighting for shelf space in grocery stores. Likewise, the addition of HGTV, Food Network and the DIY channel will give Discovery more leverage with cable providers.
Both of these deals are defensive, Cramer added, and McCormick in particular paid a hefty premium to get the deal done because it had to. Investors sent shares lower by 5.2% on the news, while Discovery ended higher by 4.3%. Only time will tell if these deals will pay off.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.