US Stock Market Move | Termination of merger with Puig causes Estee Lauder Companies Inc. Class A (EL.US) to open with a surge of over 13%.

On Friday, Estee Lauder Companies Inc. Class A (EL.US) opened with a significant increase of over 13%, marking the largest intraday gain since April 2025, and is currently trading at $87.68 per share. On the news front, on May 21st local time, the American beauty giant Estee Lauder Companies Inc. Class A and the Spanish fragrance and beauty group Puig jointly announced the formal termination of the negotiations regarding a potential business merger. This highly anticipated "lightning negotiation" lasted only two months before falling apart, signaling the end of a massive deal worth up to $40 billion that had the potential to create one of the world's largest high-end beauty conglomerates. Stphane de La Faverie, President and CEO of Estee Lauder Companies Inc. Class A, stated in the announcement, "We appreciate the discussions with Puig. Today, we reiterate our confidence in our outstanding brands, talented team, and the strength they possess as an independent company."