Executives from Puig and Estée Lauder shaking hands amid $40B merger talks, with stock charts showing price swings and luxury beauty products on display.
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Puig and Estée Lauder in talks for potential $40 billion merger

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Puig and The Estée Lauder Companies disclosed after Monday's market close that they are discussing a possible business combination, with no agreement reached. Puig notified Spain's CNMV on March 23, 2026. The deal could create a $40 billion beauty group with $20 billion in combined sales, prompting Estée Lauder shares to drop 7.7% while Puig's rose 11%.

Toshiba announced it will begin negotiations with Mitsubishi Electric and Rohm to merge their power semiconductor businesses. The development signals potential consolidation among Japanese firms in the power chip sector.

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Spain's state-owned SEPI has expressed concern to Indra over the conflict of interest in acquiring Escribano Mechanical & Engineering (EM&E), owned by president Ángel Escribano, whose brother Javier leads it and sits on Indra's board. SEPI demands the conflict be resolved before proceeding with the analysis. The announcement follows rumors that caused a 4.19% stock drop on Tuesday.

Filmmaker James Cameron has written a letter to a lawmaker expressing concerns about the proposed Netflix-Warner Bros. Discovery merger. He highlights potential harm to movie theaters, which rely on revenue from major films. Cameron supports Paramount's position against the deal.

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Global law firm White & Case LLP has advised Börse Stuttgart Group and its subsidiary Börse Stuttgart Digital Holding GmbH on a merger with Tradias GmbH. The transaction aims to combine strengths in cryptocurrency trading and digital assets. It is expected to close in the second half of 2026, pending negotiations and regulatory approvals.

Major Japanese nonlife insurer MS&AD Insurance Group Holdings plans to consolidate its domestic bases from around 360 to 240 ahead of the April 2027 merger of its key subsidiaries. President Shinichiro Funabiki emphasized that integration is essential for cost reductions.

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Despite a bitcoin price correction of over 30%, 2025's $8.6 billion crypto mergers boom—driven by license acquisitions amid Trump-era deregulation—continued apace, with analysts predicting persistence into 2026. This complemented $14.6 billion in IPOs, signaling industry maturation.

 

 

 

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