Estée Lauder Shares Rise After Merger Talks With Puig End
Estée Lauder shares surged nearly 10% premarket after announcing the termination of merger discussions with Spanish beauty group Puig. The decision allows Estée to focus on its 'Beauty Reimagined' strategy, while Puig's stock dropped over 14%. Both companies remain independent.
Tickers: $EL
Topics: beauty industry Estee Lauder Puig stock market reaction