Jim Cramer has some thoughts on merger Monday.
On Monday, there were a handful of deals announced.
First, LVMH is officially buying Tiffany's for around $135 a share, which puts the deal at around $16.2 billion.
And then Charles Schwab officially announced that it was officially buying TD Ameritrade for around $26 billion.
Then there's also Novartis AG buying Medicines Co.
For around $85 a share, for a total of $9.7 billion.
So, what do these deals all have in common?
Cramer said there's one thing: technology.
"Technology and how it's driving so many of these hot deals.
Robin Hood wipes out the margins for Ameritrade, so Ameritrade gets bought by Schwab, they had to do it.
Tiffany wasn't able to do customer relations management the scale that you need to do...when you see the technology of what a cholesterol drug that Novartis bought with Medicine Co...Cause it only has to be taken twice a year, which is fantastic," said Cramer.
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