Estee Lauder, Puig advance talks for a stock‑based deal, Bloomberg News reports
01/04/2026 21:17
April 1 (Reuters) - U.S. cosmetics giant Estee Lauder EL.N and Spanish firm Puig PUIGb.MC are advancing talks to combine in a deal that would consist mostly of stock, Bloomberg News reported on Wednesday, citing people familiar with the matter. The deal could be formally announced within weeks, the report added. (Reporting by Savyata Mishra in Bengaluru; Editing by Leroy Leo) ((Savyata.Mishra@thomsonreuters.com;))