The question, of course, is whether or not that run will
continue. Cramer on Friday seemed confident, considering that
ON beat third-quarter earnings and revenue expectations and
guided higher for Q4. But the company’s recent offer
for California Micro Devices raises questions.
ON will pay a “huge” 54% premium to California Micro Devices’ Dec. 11 closing price of $3.05 to acquire the company, Cramer said. While he sees how the deal will benefit ON, he did wonder if the bid was too high. And he also wanted to know if the acquisition could slow the stock’s growth, however temporarily.
That’s why Cramer invited ON Semi CEO Keith Jackson to appear on Mad Money. Watch the video for the full interview.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the Mad Money website? firstname.lastname@example.org