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Cramer: One company on Salesforce's M&A list did not make any sense at all

Leaked Colin Powell emails reveal CRM's M&A targets

CNBC's Jim Cramer said on Tuesday that's leaked list of potential acquisition targets was quite interesting, but one choice did not make any sense at all.

On Tuesday, The Wall Street Journal reported Salesforce had weighed 14 possible acquisition targets in May, including Adobe Systems. The list comes from leaked emails of Salesforce board member and former Secretary of State Colin Powell.

Cramer emphasized that CEO Marc Benioff always keeps his options open. But, Cramer was particularly perplexed by Adobe.

"I was surprised to see that in there, because I know they aren't looking at Adobe. Adobe isn't looking at Salesforce either," Cramer said on CNBC's "Squawk on the Street."

Salesforce told CNBC that the company has a "disciplined and thoughtful" acquisition process where they look at the industry landscape across a number of companies — it doesn't mean Salesforce intended to buy Adobe.

Salesforce said Adobe appeared in the list as a "benchmark" for other possible targets.

Earlier this month, Benioff told the Financial Times that his company had ruled out Twitter as a potential buy.

Salesforce's stock was trading slightly lower in midmorning trade Wednesday. The stock is down more than 7 percent year to date.