Puig Shares Plummet Following Collapse of Estee Lauder Merger Negotiations
Shares of the Spanish beauty conglomerate Puig plummeted more than 14% during Tuesday morning trading in Madrid following the official termination of merger talks with American cosmetics giant Estee Lauder. The abrupt announcement, which confirms that the two companies will not proceed with a consolidation, triggered an immediate divergence in market valuation, with Estee Lauder’s…
