Shares of Lexmark (LXK) are up 10% Wednesday after the company reportedly accepted an offer to be acquired by Apex Technology and PAG Asia Capital for $40.50 per share.
This is a "nice premium" for Lexmark, which closed at $34.65 on Tuesday, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment.
Why? Because it could have helped offset the slowdown in PCs, which Intel (INTC) - Get Intel Corporation (INTC) Report CEO Brian Krzanich forecasts to fall in the mid- to high-single digits for 2016, Cramer said.
Although Cramer doesn't like HP, he does like Hewlett Packard Enterprise (HPE) - Get Hewlett Packard Enterprise Co. (HPE) Report , which is run by President and CEO Meg Whitman. He said Intel could follow a similar path in the future, splitting the company up the way the old Hewlett-Packard did.
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.