Estée Lauder Looks for 5 Billion Euro to Fund Puig Deal, Report Says [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
Morgan Chase & Co. to structure a financing package of about 5 billion euros to fund a deal with Puig A Puig spokesperson had no comment on the report, while a Lauder spokesperson could not immediately be reached on Tuesday. More from WWD EXCLUSIVE: Zoe Saldaña Named Lancôme Global Ambassador L'Oréal's BOLD Venture Fund Invests in Hanni 'Brands With a Mission' Event Fetes 15th Birthday As previously reported, Lauder and Puig announced on March 23 that they are in talks to merge their businesses. At 1 p.m. CET, Puig stock was trading up 5.6 percent to 18.69 euros. Expansión said that according to ongoing discussions, Lauder would offer Puig a takeover deal comprised of a mixed consideration of cash and shares. The publication did not cite sources of the information by name. Colonias Absolutas Puig Expansión said Lauder and Puig have identical class share systems that allow their founding families to maintain control of the companies through special shares with great
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