Estee Lauder Taps JP Morgan to Finance Puig Takeover Bid, Spanish Daily Expansion Says
8 Articles
8 Articles
Estée Lauder Seeks €5 Billion Funding for Puig Deal, Report Says
Estée Lauder Cos. has hired JPMorgan Chase & Co. to take the lead on structuring a financing package of about €5 billion ($5.9 billion) to fund its potential tie-up with Spanish company Puig Brands SA, Expansion reported.
Estée Lauder Pursues Puig Merger Financing And Recasts Growth Story
Estée Lauder Companies (NYSE:EL) is reportedly seeking financing for a large business combination with Spanish beauty group Puig. The company has engaged J.P. Morgan to arrange a multibillion euro funding package as talks over a potential merger progress. A deal of this size could reshape competition in global beauty and create a larger rival to L'Oréal. Estée Lauder Companies, trading at $75.86, comes into this potential merger after a mixed sh…
Estée Lauder has requested from JPMorgan a funding line of €5 billion to study the launch of an OPA on Puig, according to financial sources consulted by Expansion. The operation, if confirmed, would mean the largest acquisition in the European cosmetic sector of the last decade. JPMorgan evaluates funding while Puig quotes in minimums The US bank is analyzing the feasibility of structuring a debt package that would allow the New York giant to la…
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium




