Zimmer Biomet's (ZBH) move to acquire LDR Holding (LDRH) is a smart one and it also bodes well for another medical device company NuVasive (NUVA) , said TheStreet's Jim Cramer. Zimmer Biomet announced Tuesday that it has agreed to buy LDR Holding for roughly $1 billion. Zimmer offered $37 a share for each of the medical-device company's shares outstanding, a 64 percent premium to Monday's close. The deal is expected to close in the third quarter. Cramer said NuVasive is 'the obvious play so go buy it.'
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.