Puig stock soars 15%, but why market sees risk in Estée Lauder deal?

Puig stock soars 15%, but why market sees risk in Estée Lauder deal? Puig stock soars 15%, but why market sees risk in Estée Lauder deal? Mergers & Acquisitions Author Devesh Kumar Mar 24, 2026, 10:25 AM Puig stock (PUGBY:OTCPK) surged over 15% on Tuesday after Estée Lauder confirmed it is in talks over a potential merger with the Spanish beauty group. The development revived investor excitement around a deal that could reshape the global prestige cosmetics market. However, the sources from the companies sa ...