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Estee Lauder, Puig advance talks for a stock‑based deal, Bloomberg News reports

ReutersApr 1, 2026 8:17 PM

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.

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