Estée Lauder Considering Bid for Puig at 18 to 19 Euros Per Share
Estée Lauder Cos. is reportedly considering a tender offer for Puig's class B shares at 18 to 19 euros per share, according to Spanish publication Expansión. The potential deal involves a mix of cash and shares, with J.P. Morgan assisting in structuring a 5 billion euro financing package. Negotiations are ongoing, with key financial and governance aspects yet to be resolved.
Tickers: $EL
Topics: corporate strategy Estée Lauder merger Puig takeover