After Puig merger deal talks end, Estée Lauder surges in premarket

TL;DR

Puig Falls After Estee Lauder Deal Fails Amid Tilbury Strain Estee Lauder Ends Acquisition Talks With Spain’s Puig Estée Lauder and Puig end merger talks to create beauty powerhouse Estée Lauder ditches Puig deal, lifting shares as turnaround takes priority Puig shares drop 13% as Estee Lauder merger talks end Estee Lauder-Puig Talks Collapse Puig’s Shares Slump After Termination of Merger Talks With Estee Lauder watch now Estée Lauder shares jump after Puig talks collapse A deal between the two companies could have created a $40 billion group, bringing together some of the beauty industry's biggest brands. 02:37 32 minutes ago watch now A deal between the two companies could have created a $40 billion group, bringing together some of the beauty industry's biggest brands. 02:37 32 minutes ago The US cosmetics company Estée Lauder has ended merger talks with its Spanish rival Puig to create a fashion and beauty retailer worth almost $40bn (£30bn/€34.5bn) after failing to agree which would hold the balance of power in the combined group.