Shares of cosmetics maker Estee Lauder EL.N fall 7.4% to $79.68
EL is nearing deal to combine with Jean Paul Gaultier-owner Puig PUIGb.MC, the Financial Times reports
The tie-up would create a $40 billion beauty giant, FT says
Deal could be announced as soon as Monday
EL had fallen ~18% so far in 2026, as of Friday's close