Jim Cramer Likes Johnson and Johnson Hair Care Deal
Jim Cramer says he likes Johnson & Johnson's purchase of privately-held hair care products maker Vogue International.
TheStreet's Jim Cramer says he likes Johnson & Johnson's (JNJ) - Get Report purchase of privately-held hair care products maker Vogue International. J&J is buying the company for $3.3 billion in cash. Cramer says J&J is placing bets wherever it can get some growth, and likes the move into consumer products. Cramer said he's also waiting for the pharmaceutical company to make an acquisition in medical products, to beef up that division. Cramer also said that Johnson & Johnson is one of his favorite stocks. J&J expects the deal to close next quarter.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
