Published on 2 Jun 2016
TheStreet's
Jim Cramer says he likes Johnson & Johnson's purchase of private
hair care products maker Vogue International. J&J is buying the
company for $3.3-billion in cash. Cramer says J&J is placing bets
wherever it can get some growth, and likes the move into consumer
products. Cramer said he's also waiting for the pharma company to make
an acquisition in medical products, to beef up that division. Cramer
also said that Johnson & Johnson is one of his favorite stocks.
J&J expects the deal to close next quarter.
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