Jim Cramer: Stay Long Thermo Fisher, Sell FEI

Thermo Fisher plans to buy microscope maker FEI for about $4.2 billion and Jim Cramer says FEI shareholders should take the money and run.
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Thermo Fisher (TMO) - Get Report plans to buy microscope maker FEI (FEIC) for about $4.2 billion. TheStreet's Jim Cramer said FEI shareholders should take the money and run because he does not see another bidder coming along. He said Thermo Fisher investors should hold onto their shares because it is a smart, accretive deal. Thermo Fisher's $107.50 a share offer represents a premium of 13.7 percent to FEI's Thursday close of $94.58 a share. FEI's microscopes are primarily used by life sciences companies to make discoveries.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.