How Analysts View a Possible Puig-Estée Lauder Cos. Merger

PARIS – The market smiled broadly on Puig, whose stock shot up hours after news broke that the company is in merger talks with the Estée Lauder Cos. At 10:45 a.m. CET, the Spanish beauty and fashion company’s stock was up 13 percent to 17.59 euros. More from WWD By contrast, the Estée Lauder Cos. stock closed down 7.7 percent Monday, the same day the discussions were announced. The news of a possible deal came following market speculation that the Estée Lauder Cos. could be an acquisition target for Uni ...