The takeover games aren't over at
, Jim Cramer said Thursday on
"Stop Trading!" segment.
Cramer noted that the stock is up 3% even after the firing of two execs tied to an unauthorized leveraged buyout effort. Cramer said he believes the rise reflects Wall Street's belief that one of the two, former finance chief Pedro Reinhard, will quit the board and lead an unsolicited takeover bid.
Cramer also criticized Dow chief Andrew Liveris, a member of the
board, saying he and other Citi board members are "pro status quo."
Cramer gave a thumbs up to Sanford Bernstein's upgrade of
Old Navy unit is back.
Cramer is less taken with
, saying it's going to get crushed by the collapse of subprime mortgage lenders.
At the time of publication, Cramer had no positions in stocks mentioned.
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