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Dow Chemical (DOW), DuPont in Advanced Merger Talks, Stocks Skyrocket, Jim Cramer's Take

NEW YORK (TheStreet) -- The Dow Chemical Co. (DOW - Get Report) and E. I. du Pont de Nemours and Co. (DD) are in advanced talks to merge, creating a chemicals giant valued at over $120 billion, according to the Wall Street Journal.

Shares of Dow Chemical are soaring 11.02% to $56.51 and shares of DuPont are surging 9.98% to $73.25 in pre-market trading on Wednesday.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio commented on the merger talks this morning in an article titled, "Cramer: Dow Chemical-DuPont Merger Will Instantly Create Value" saying that the merger can "compete more effectively in a world of diminishing growth."

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The announcement could be made in the next coming days. As of now, terms of the deal were not disclosed.

If the deal were to go...