Home / Business and Economy / Estee Lauder Eyes Puig Takeover: $22B Beauty Giant Looms
Estee Lauder Eyes Puig Takeover: $22B Beauty Giant Looms
30 Apr
Summary
- Estee Lauder is exploring a bid for Puig's Class B shares.
- The proposed offer ranges from 18 to 19 euros per share.
- Puig's shares have fallen below their initial public offering price.
Estee Lauder is reportedly considering a significant move in the beauty industry, with an expressed interest in acquiring all of Puig's Class B shares. The potential takeover bid is being discussed at a price range of 18 to 19 euros per share, equivalent to approximately $21 to $22.20. This development follows earlier statements made in March by both companies, confirming that they were engaged in discussions regarding a potential business combination.
If successful, this merger would establish the world's largest premium beauty entity, uniting well-known brands such as Tom Ford, Carolina Herrera, Rabanne, Jean Paul Gaultier, and Clinique under a single corporate umbrella. However, Puig's shares, based in Barcelona, have experienced a downturn since their public debut in May 2024. They are currently trading below their initial offering price, reflecting ongoing negotiations that, according to reports, are still addressing crucial financial and governance matters between the two parties.
