Cramer says these 2 deals are defenses against an increasingly millennial world [CNBC]
SCRIPPS NETWORKS (SNI)
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Source: CNBC
show chapters In a market practically devoid of mergers, Jim Cramer was excited to see news of two deals emerge on Tuesday: a potential deal between Discovery and Scripps Networks Interactive and spice company McCormick buying Reckitt Benckiser's food division. While the potential Discovery-Scripps deal, at about $10 billion is more than twice the size of the $4.2 billion food transaction ... these are happening for similar reasons. Companies, afraid of losing their relevance and their clout, are merging with their peers or rivals in order to produce stronger entities with more appeal to their masters, meaning their distributors and their ultimate customers, the Mad Money host said. To understand why these two deals are so similar, Cramer compared the companies' distribution methods. Just like you walk through aisles of a supermarket to find products, you scroll through cable offerings to find things to watch. Cramer argued that th
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