Jim Cramer has some thoughts on merger Monday.
On Monday, there were a handful of deals announced.
And then Charles Schwab (SCHW) - Get Charles Schwab Corporation (The) Report officially announced that it was officially buying TD Ameritrade (AMTD) - Get AMTD IDEA Group American Depositary Shares each representing one Class A Report for around $26 billion.
So, what do these deals all have in common? Cramer said there's one thing: technology.
"Technology and how it's driving so many of these hot deals. Robin Hood wipes out the margins for Ameritrade, so Ameritrade gets bought by Schwab, they had to do it. Tiffany wasn't able to do customer relations management the scale that you need to do...when you see the technology of what a cholesterol drug that Novartis bought with Medicine Co...Cause it only has to be taken twice a year, which is fantastic," said Cramer.
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