MADRID, April 21 (Reuters) - U.S. cosmetics giant Estee Lauder has commissioned J.P. Morgan to structure a financing package of around 5 billion euros ($5.89 billion) for its takeover bid of Spanish
Estee Lauder Taps JP Morgan for €5B Financing in Puig Takeover Bid
Estee Lauder's Strategic Move in the Beauty Industry
JP Morgan's Role in the Financing Package
MADRID, April 21 (Reuters) - U.S. cosmetics giant Estee Lauder has commissioned J.P. Morgan to structure a financing package of around 5 billion euros ($5.89 billion) for its takeover bid of Spanish firm Puig, sources told Spanish newspaper Expansion.
Potential Impact of the Estee Lauder-Puig Deal
Creation of the World's Largest Premium Beauty Player
Last month, Puig and Estee Lauder said they were exploring a deal that would create the world's largest premium beauty player, with brands including Tom Ford, Carolina Herrera, Rabanne, Jean Paul Gaultier, and Clinique under one roof.
Market Response and Company Statements
Estee Lauder did not immediately reply to a Reuters' request for comment outside of U.S. business hours.
Financial Details
($1 = 0.8489 euros)
Reporting Credits
(Reporting by Paolo Laudani; Editing by Sherry Jacob-Phillips)
