NYSE:ELPersonal Products
Estée Lauder Pursues Puig Merger Financing And Recasts Growth Story
Estée Lauder Companies (NYSE:EL) is reportedly seeking financing for a large business combination with Spanish beauty group Puig.
The company has engaged J.P. Morgan to arrange a multibillion euro funding package as talks over a potential merger progress.
A deal of this size could reshape competition in global beauty and create a larger rival to L'Oréal.
Estée Lauder Companies, trading at $75.86, comes into this potential merger after a mixed share price record, including a 37.8% gain over...