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Jim Cramer on Verizon’s Acquisition of Fleetmatics

Jim Cramer says Fleetmatics will be an excellent extension for Verizon Communications.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Fleetmatics Group (FLTX)  will be an excellent extension for Verizon Communications (VZ) - Get Verizon Communications Inc. Report . On Monday, Verizon agreed to acquire the mobile solutions company for an all-cash deal worth $2.4 billion. At $60 a share, Verizon is paying a 40 percent premium to the company's closing stock price last Friday.

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