Estée Lauder's stock price drops significantly amid negotiations to acquire Puig Brands

LootboxPhobia · 2026-03-24T02:57:26+00:00

Estée Lauder stock price dropped 7.75% following reports that it will acquire Spanish beauty company Puig Brands. The two companies confirmed they are discussing a merger, but specific transaction details have not been disclosed. If the deal is completed, annual sales revenue would reach $20 billion.

LootboxPhobia

2026-03-24 02:57:26

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Investing.com – Estée Lauder Cos. stock fell 7.75% on Monday, after reports that the company is close to acquiring Spanish beauty company Puig Brands. The stock dropped sharply before the close but recovered some of the losses in after-hours trading.

Both companies confirmed they are in discussions about a potential merger but did not provide further details. According to an earlier report by The Financial Times, the deal could be announced as soon as Monday. The specific terms of the potential deal are not yet clear.

If completed, the combined beauty company would have annual sales of approximately $20 billion.

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