Estée Lauder – Beauty Giant Halts Mega-Merger with Puig, Investors Celebrate the Independence!
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Estée Lauder ends merger talks with Puig – the EL stock jumps by about 10%, while Puig loses over 14% in Madrid. Disputes over Charlotte Tilbury and the ongoing corporate restructuring are considered the main reasons. Failed Mega-Merger: Wall Street Rewards the Withdrawal The US cosmetics company Estée Lauder draws the line under one of the most spectacular takeover rumors of the year. Together with the Spanish fashion and fragrance house Puig , the company officially confirms the cessation of talks regarding a merger that, according...
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