Jim Cramer Says “I Think That We’ll Like a New McCormick, If They Do Merge”

McCormick & Company, Incorporated (NYSE:MKC) was among the stocks Jim Cramer highlighted, along with his latest game plan as the oil-shock-driven sell-off continues. Cramer highlighted that he was in favor of the company’s potential merger, as he said:

Tuesday is a day of challenged companies. First, McCormick reports, and this spice stock has become very tough to own. The flavor company, as they call themselves, is said to be in talks to merge with Unilever’s food business, which includes Hellmann’s mayo, Colman’s mustard, and Knorr soups. If they do the deal, the combined company will own some big chunks of multiple supermarket aisles. But the food stocks have been quite simply awful, including McCormick, with a stock that’s down 22% for the year. There’s only one way out of this jam, though. They’ve got to merge and cut costs. I think that we’ll like a new McCormick, if they do merge, which can then slot their brands through its own delivery methods and save fortunes. I love the combo. I hope it works out. I hope they announce it.

Photo by Anna Nekrashevich on Pexels

McCormick & Company, Incorporated (NYSE:MKC) produces and sells spices, seasonings, condiments, and flavor products for consumers and food manufacturers.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.