If it is not as big as the Amazon-Whole Foods deal, it is ignored. Jim Cramer has grown tired of this pattern when it comes to mergers, which are already so sparse in today's stock market.
"Consider Vantiv's recently announced purchase of Worldpay. We know that payment processors have been on fire — Visa's red-hot, Mastercard's red-hot, PayPal's red-hot, and both Vantiv and Worldpay are very much part of that bull market in process," the "Mad Money" host said. "Yet this deal, which we learned about last week, seems like it's been flying totally under the radar screen. That seems crazy to me, even as I recognize that there's been a lot of really distracting news coming out of Washington lately."
Setting the Trump administration's troubles aside, Cramer said this overlooked deal between Vantiv, a merchant acquirer that enables retailers to accept and process electronic payments, and Worldpay, a U.K.-based company of similar ilk, is worth examining in depth.
Watch the full segment here: