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Plenty of Mergers Look Ripe to Be Done

By Jim Cramer

About this article:
The bulls seem out of capital. I keep hearing that there is a huge pool of money on the sidelines. But then I read about how the California Public Employees' Retirement System or the state of Florida needs money and has to sell stocks. I read about the liquidations and I say to myself, "There are more sellers than buyers here." I look at what used to be Merger Monday, and all I see is some alleged deal in Australia, and I say "alleged" because it doesn't seem to me that the target is taking it seriously. Instead of Merger Monday, I hear Concession Monday, as the private equity guys are saying, "You better give us concessions on the moronic deals we did, or we will really hurt you." In all of these, the trick is to simply say, "We will go bankrupt if you don't," which...

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