Puig shares fall after collapse of Estée Lauder merger talks
By Mireia Merino and Marta Serafinko May 22 (Reuters) – Puig’s shares fell around 14% on Friday after the Spanish perfumery and U.S. cosmetics maker Estée Lauder said on Thursday they had ended merger talks. The shares were at the bottom of Europe’s benchmark STOXX 600 index and could see their worst trading day since their 2024 listing if the losses hold, after the companies scrapped a merger plan that […]