[Beginning of Cramer's verbatim comments for this segment...]

Jim:      I have got to tell you something, I am in disbelief at the travesty of Air Products & Chemicals Inc. (APD) making its $60 per share, $7b takeover (offer) for Airgas Inc. (ARG)… which is one of our favorite companies…  This is beyond outrageous… I do not think that this should be allowed to happen…

First of all, I think the merger of these two gas suppliers would be completely and utterly anti-competitive… but that barely even scratches the surface of what I think is wrong here… Airgas is run by one of the single best, most bankable CEO’s in America, Peter McCausland… he is so good that we have had him on the show a dozen times… do you know more than any other CEO, because we like him so much...

Get The Wall Street Journal for 75% off!

McCausland came on in the depths of the great recession, back on October 24, 2008... everyone was freaking out… not him… Airgas was trading at $32.40, and he told us that his company would do just fine… he told us that it was worth buying… that pronouncement turned out to be very right… largely, thanks to his management… since he came on Airgas is up 88%… and if you even went back to his closing price of $43.53 before Air Products made its offer, it is still a 40% gain vs. 22% for the S&P 500... almost double the S&P 500...  It is an industrial… very few execs out there handled the recession as well as McCausland… yet, he and Air Gas, they are the ones under attack.

The price Air Products is offering dramatically understates what this company is worth in an improving economy… shareholders of Airgas, I implore you not to accept this bid… it would be better, really, for you to be patient and allow an independent Airgas… and an independent Mr. McCausland, to make you even more money over time… and you will.

And look, as much as I love Peter McCausland, and believe in Airgas… I like Air Products CEO John McGlade, he is terrific… these are both high performance well run companies… I just do not appreciate Mr. McGlade’s attempt to buy Airgas for much less than it is worse… and put Peter McCausland out of a job that he is very good at… with the exception of 2009, listen to this, listen to this… Airgas has outperformed Air Products in every year since 2000... McCausland has created incredible value for its shareholders… Airgas is up 75% over the last 5 years… and 471% over the last decade… that leaves Air Products in the dust… Air Products is up 25% in the last 5 years, and only 139% in the last decade.

Read Jim's next Segment here  

Market Results today: Dow:  + 10 Nasdaq:  + 16 S&P 500:  + 3 1 2 3 4 6 See all of tonight's stocks mentioned on Yahoo! Finance, here...