Jim Cramer on Why he Loves the $28B Heinz - Kraft Deal
Jim Cramer says he loves the $28 billion deal between Heinz and Kraft not just because Warren Buffett is involved, but because of the opportunities it opens overseas.
TheStreet's Jim Cramer says he loves the $28 billion deal between Heinz and Kraft not just because Warren Buffett is involved, but because of the opportunities it opens for taking Kraft's brands to overseas consumers. Cramer said, 'Suddenly you have brands that resonate overseas that have maybe lost some of that resonance here at home.' Cramer said 3G Capital, which owns Heinz, can open new markets for the packaged foods maker. As for whether investors should buy or sell shares of Kraft on the announcement, he says the newly combined company 'is a keeper, not one you want to flip.' Cramer said 3G has the capital to buy WhiteWave or Hain Celestial if it wanted.
