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TheStreet: Stay Long TMO, Sell FEI Says Cramer

June 8, 2023
in Trade Tube
Reading Time: 1 min read
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Thermo Fisher plans to buy microscope maker FEI 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 per share offer represents a premium of 13.7% to FEI’s Thursday close of $94.58. FEI’s microscopes are primarily used by life sciences companies to make discoveries.

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