Cramer's Takeover Targets

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On the 5-7-07 Mad Money, Cramer announced that he has "a new method for predicting takeovers: Stocks with the biggest buybacks also have a big chance of being taken over."

Four out of the 14 companies that have bought back 17% or more of their shares over the last year have either been taken over or have agreed to be taken over in the last few months, he said.

Even though four out of 14 may not sound like much, hitting a takeover target is like winning the lottery. Cramer said he bets the other 10 stocks on this list are great takeover targets, as well.

Here are his top 3 candidates.

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