Estée Lauder terminates Puig merger talks; Puig shares plunge

Estée Lauder's shares surged after the company terminated merger discussions with Spanish beauty group Puig, with reports indicating disagreements over which family would control the combined entity.

Coverage

• Estée Lauder ends merger talks with Gaultier owner Puig
• Puig plunges after Estée Lauder tie-up talks terminated; European stocks rise
• Estée Lauder surges in premarket after Puig merger deal talks end

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