Cramer explained that Valeant will very likely slash Allergan's high R&D budget and fire much of its sales staff, moves that will make the deal instantly accretive to Valeant's bottom line. Valeant will also instantly profit from its lower tax rates overseas.

But in its wake, the great franchise that was Allergan will be no more, Cramer concluded, and that would be a shame.

Executive Decision: Paul Raines

For his "Executive Decision" segment, Cramer spoke with Paul Raines, CEO of GameStop (GME), the video game retailer that's been under fire ever since the next generation of game consoles debuted last fall. Shares of GameStop current yield 3.2% and trade for less than 10 times earnings.

Raines admitted that GameStop did lower guidance twice since last appearing on Mad Money, but said that was only to rein in expectations because the company's product mix shifted from higher-margin software to lower-margin hardware. He said his company remains on track to maximize its profits in 2014 now that most gamers have their new consoles.

When asked whether GameStop's brick-and-mortar model is still relevant now that games can simply be downloaded over the Internet, Raines noted GameStop had $730 million in digital sales last year but largely "the consumer just isn't there yet." He said GameStop's strategy is to meet the consumer where they are, and today that's still largely buying, selling and trading physical media in stores.

Finally, when asked about Wal-Mart's (WMT) entry into the buying and selling of video games, Raines said competition raises awareness for the category and he welcomes the chance to compete.

Cramer told viewers to do their homework and decide for themselves whether GameStop can turn their fortunes around.

Executive Decision: David Lesar

In his second "Executive Decision" segment, Cramer also spoke with David Lesar, president, chairman and CEO of Halliburton (HAL), which today delivered a one-cent-a-share earnings beat on a 5.4% rise in revenue. Shares of Halliburton are up 12% since Cramer featured the stock just six weeks ago and 62% over the past 12 months.

Lesar was very upbeat, saying he sees a great market coming in the U.S., one that will create many jobs and vastly increase our nation's energy security. That will, in turn, mean more profits for Halliburton and more money flowing back to shareholders.

Speaking of shareholders, Halliburton just increased its dividend by 67% and increased the already generous stock buyback program, which has retired 11% of the company's outstanding shares.

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