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Jim Cramer Says Thermo Fisher's CEO 'Does Not Fool Around' And Is 'One Of The Greats'

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Thermo Fisher Scientific Inc. (NYSE: TMO) announced on Friday it has agreed to acquire FEI Company (NASDAQ: FEIC) in a deal that values the scientific instruments company at $4.2 billion.

The transaction was also the focus of CNBC's daily "The Mad Dash" segment.

Cramer noted that Thermo Fisher's CEO Marc Casper was a guest earlier this week. In fact, Cramer asked the executive when he will announce a new major acquisition.

Naturally, Casper didn't respond that a major M&A announcement would be made in the following days. Now that the deal is official, Cramer said he "loves it."

Cramer continued that Thermo Fisher is buying a company whose assets "fit in" with its already existing product line.

"Marc Casper does not fool around," Cramer said. "He is one of the greats."

Cramer also suggested that Thermo Fisher is one of the "most transparent companies" and is "loved" by its clients who consists mostly of hospitals.

Finally, Cramer pointed out that "one of the most exciting" aspects of Thermo Fisher's business is its involvement in a testing mechanism that examines a patient for cancer while they are at their doctor's office.

"This is happening now," Cramer emphasized.

Posted-In: CNBC Mad Money Marc Casper Scientific Companies The Mad Dash thermo fisher Jim CramerMedia

 

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