They plummet this Friday on the stock market after yesterday, with the market closed in both Spain and the United States, the company announced the breakdown of merger negotiations with Estée Lauder. At the start of the session in Madrid, the shares of the Spanish cosmetics and perfumery company posted a correction of 14%, the largest in their stock market history, while Estée Lauder shares rose 10% in the after-hours market. In a relevant fact sent to the National Securities Market Commission (CNMV) on Thursday night, the Spanish company reported that both companies consider it a business. The fall of Puig has volatilized more than 1,200 million in stock market value and left the stock on the verge of 15 euros, which means losing all the ground gained since the possible operation was announced.
