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