Olaplex jumps on Henkel's $1.4 billion buyout

Shares of haircare brand Olaplex OLPX.O rise as much as 51.13% to $2.01

Stock set for best day on record if gains hold

Co agrees to be acquired by Germany's consumer goods maker Henkel HNKG.DE in a deal valued at $1.4 billion

"We are encouraged by OLPX’s 2026 priorities and impressed by the progress of its brand refresh," say Jefferies analysts

Olaplex had a market value of $890.3 million as of last close, according to LSEG data

Henkel is valued at about 28.5 billion euros ($32.89 billion)

As of last close, OLPX down 0.74% YTD, outperforming the Nasdaq .IXIC, which has fallen 5.6% in the same period

($1 = 0.8664 euros)