The Estée Lauder Companies Inc. (EL) confirmed that it is engaged in discussions with Puig regarding a potential business combination that could result in the merger of their businesses. At this stage, no final decision has been made and no agreement has been reached. The company emphasized that unless and until a formal agreement is signed, there can be no assurances about whether a deal will occur or what its terms might be.
EL closed on Monday's regular trading at $79.29, down $6.63 or 7.72%. In overnight trading, the stock edged slightly higher to $79.85, reflecting a modest gain of 0.71%
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.