Estée Lauder surges in premarket after Puig merger deal talks end

An Estee Lauder Cos. concession in the beauty department inside the John Lewis Partnership Plc department store on Oxford Street in London, UK, on Friday, Feb. 20, 2026. Bloomberg | Bloomberg | Getty Images Estée Lauder's shares were up almost 10% in premarket trading after talks over a potential merger with Spanish beauty group Puig were "terminated." The British beauty giant, which owns the Clinique and Tom Ford Beauty brands and is listed on the New York Stock Exchange, said in March that it …