GO
Loading...

Jim Cramer flags Lear as possible takeover target

It appears likely German car parts maker ZF Friedrichshafen's takeover offer for rival TRW Automotive could go through, triggering more mergers and acquisitions, CNBC's Jim Cramer said Monday.

Jim Cramer
Adam Jeffery | CNBC
Jim Cramer

To Cramer, Lear could very well be the next takeover target in the auto parts industry.

"The money is now going toward Lear ... this is the big grab to own a piece of the car," Cramer said on "Squawk on the Street. "And Lear has been a very good stock, but so had TRW. This one could be next."

Cramer thinks Lear could soon be purchased by a firm like Magna International.

"I thought it could be Magna. Maybe Magna buys Lear, but this is an inexpensive stock," he said. "Lear is the next, I think."

By CNBC's Drew Sandholm

DISCLOSURE: When this story was published, Cramer's charitable trust did not own Lear, Magna International, TRW Automotive, or ZF Friedrichshafen.

Contact Stocks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More