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0 0 0 0 -2.05537383789442E-16 0.0115707260630602 0.0015909748336706 0.023730112814579
Stock impact report

Estée Lauder shares fall premarket after merger talks update [Yahoo! Finance]

Estee Lauder Companies, Inc. (The) (EL) 
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: elcompanies.com/investors
Company Research Source: Yahoo! Finance
Estée Lauder and Puig confirmed on March 23 that they were in discussions about a merger of their businesses but did not disclose terms. The companies are negotiating a deal that would consist mostly of stock and could be formally announced within weeks, Bloomberg reported, citing people familiar with the matter. As part of the discussions, Puig Executive Chairman Marc Puig would join the board and is expected to play a role in integrating the two companies. His presence is seen as providing continuity. He stepped down as chief executive officer last month. The talks have not resulted in a final agreement and could still fall apart or be delayed, according to the report. A combination would reshape competition in the luxury beauty sector, creating a larger challenger to L'Oréal. Estée Lauder is currently second globally in cosmetics, and a deal with Puig would strengthen its position in fragrances. Puig, listed in Madrid, has a market value of 9.8 billion euros, while New Y Show less Read more
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