NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, discussed why shares of Walgreen (WAG) moved higher into the weekend and continued higher on Monday, up 1% so far.
Activist investor Jana Partners is taking a stake in Walgreens. According to co-host David Faber, the company will be able to elect two board members, despite owning less than 1% of the company.
Although CVS Health (CVS) is doing a great job, Cramer says that Walgreens' decision to buy Alliance Boots creates a "beautiful" combination and is a "big win" for shareholders. He said he's a buyer of Walgreen.
At the time of publication, Cramer's Action Alerts PLUS owned shares of WAG.
-- Written by Bret Kenwell in Petoskey, Mich.