BUZZ-Puig seen down 10-12% after Estée Lauder merger talks end

Estee Lauder Companies Inc. Class A

Estee Lauder Companies Inc. Class A

EL

0.00

By Mireia Merino

** Shares of Puig PUIGb.MC are indicated to fall between 10-12% after the Spanish beauty group ended merger talks with Estée Lauder, pushing investor focus back to its standalone growth outlook

** J.P.Morgan says the collapse of the talks removes a possible deal premium and refocused attention on operating trends, with fragrance growth normalising and pressure persisting in the Middle East and travel retail

** Puig reported organic sales growth of 4.7% for Q1 and reiterated its full-year goals in April, but JPM sees a risk of slower growth in coming quarters

** Estée Lauder shares rose more than 10% in extended U.S. trading on Thursday after the announcement


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.