NEW YORK ( TheStreet) -- In his new book, Get Rich Carefully, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said Baxter International ( BAX) should split into two separate entities. On Thursday, the company announced that it would do just that.
Baxter International will break into a medical devices business with an above-average dividend and a fast-growing pharmaceuticals company, in line with what Cramer had suggested.
"It is going much higher," he said of the news.
CNBC's David Faber told Cramer there's "no way" such a deal will come this weekend. Ever since the deal between Time Warner Cable (TWC) and Comcast (CMCSA) was announced, there has been speculation a DirecTV-Dish Network deal could be in the works.
Faber added it would force the FCC to either approve both deals or deny both deals. Either way, he said, regulatory approval would likely be difficult.
Cramer thought a deal between AT&T (T) and Dish Network would make sense. However, at this point all of these discussions are simply speculation.
"In the meantime, the companies are doing quite well," Cramer said. However, he did express concern over the Latin American market, to which DirecTV has the most exposure.