EL Shares Surge Over 13% at Open Following Termination of Merger Talks with Puig

Stock News

May 22

Shares of Estee Lauder (EL.US) surged over 13% at the open on Friday, marking their largest intraday gain since April 2025, with the stock currently trading at $87.68. The move follows the joint announcement on May 21 by the U.S. cosmetics giant Estee Lauder and Spanish fragrance and beauty group Puig that they have formally terminated discussions regarding a potential business combination. The high-profile, rapid negotiations, which lasted only two months, have now collapsed. This outcome puts a halt to a massive deal that was valued at up to $40 billion and had the potential to create one of the world's largest high-end beauty conglomerates. In the announcement, Estee Lauder's President and Chief Executive Officer, Stéphane de La Faverie, stated: "We appreciate the dialogue we had with Puig. Today, we reaffirm our confidence in our exceptional brands, our talented teams, and the strength of our company as an independent entity."

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The move follows the joint announcement on May 21 by the U.S. cosmetics giant Estee Lauder and Spanish fragrance and beauty group Puig that they have formally terminated discussions regarding a potential business combination. The high-profile, rapid negotiations, which lasted only two months, have now collapsed. This outcome puts a halt to a massive deal that was valued at up to $40 billion and had the potential to create one of the world's largest high-end beauty conglomerates. In the announcement, Estee Lauder's President and Chief Executive Officer, Stéphane de La Faverie, stated: \"We appreciate the dialogue we had with Puig. Today, we reaffirm our confidence in our exceptional brands, our talented teams, and the strength of our company as an independent entity.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"","article_id":"1100962841","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100962841","pubTimestamp":1779458779,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Shares of Estee Lauder (EL.US) surged over 13% at the open on Friday, marking their largest intraday gain since April 2025, with the stock currently trading at $87.68. 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