Estee Lauder Considers 18 to 19 Euro Bid for Puig
Estee Lauder is weighing a bid for Puig at 18 to 19 euros per share. The deal would merge major brands but remains subject to ongoing governance talks.
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ESTEE LAUDER COMPANIES-CL A is considering a takeover bid for PUIG BRANDS SA-B at 18 to 19 euros per share ($21 to $22.20, based on an exchange rate of $1 = 0.8554 euros). The deal would unite Tom Ford and Clinique, creating the world's largest premium beauty player. For investors, the move targets a 27% recovery for Puig shares currently trading below their IPO price.
