Estée Lauder and the Puig family will discuss merger terms this week—report

robot
Abstract generation in progress

Investing.com – Spanish newspaper Expansión, citing unnamed market sources, reports that the families controlling Estée Lauder and Puig plan to meet in New York this week to discuss potential a merger between the two beauty companies.

The paper says the discussions are expected to focus on the governance structure of the combined entity, the shareholders’ agreement, and the share-swap ratio for the deal.

According to the report, under the proposed arrangement, the merged company will initially be listed in the United States.

Estée Lauder is a U.S.-listed multinational high-end beauty company, while Puig is a Spain-based family-owned fashion and fragrance company.

This article was translated with the assistance of artificial intelligence. For more information, please see our terms of use.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin