Estée Lauder Confirms Merger Talks, Puig Stock Soars 14%

LootboxPhobia · 2026-03-24T11:33:31+00:00

Puig's stock price surged more than 14% following Estée Lauder's confirmation of merger negotiations, reaching its highest level since February, but remains 30% below its 2024 IPO price. Estée Lauder's stock price declined 7.72% with significantly increased trading volume. The company stated that transaction terms are not yet finalized.

LootboxPhobia

2026-03-24 11:33:31

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Investing.com - On Tuesday, Puig’s stock soared over 14%, reaching its highest point since early February. Previously, Estée Lauder confirmed that it was in merger negotiations with this Spanish luxury goods company, but the stock remains more than 30% below its IPO price in May 2024.

Estée Lauder closed at $79.29 on March 23, down $6.63, a decline of 7.72%, with unusually high trading volume. The stock slightly recovered in pre-market trading, rising 0.8% as of 04:57 AM Eastern Time (08:57 GMT).

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Puig closed at €17.76 on March 24, continuing the 3.59% increase from March 23. On that day, Estée Lauder issued a statement, with trading volume reaching 1.54 million shares, more than doubling the 1.3 million shares traded on the previous trading day, March 20.

In the statement, Estée Lauder said: “Unless and until both companies sign an agreement, there is no guarantee that the transaction or its terms will be finalized.”

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