Stock Movers Puig Gains Most Ever; Jefferies' Takeover Talk; Netgear Shares Rise
Mar 24, 2026
A run-through of takeover chatter around a major cosmetics deal and what it could mean for market movers. A takeover rumor gets clarified with a major bank saying it has no immediate plans. A tech name jumps after regulators block certain foreign-made routers, changing competitive dynamics.
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Puig Deal Would Create $20B Cosmetics Player
- Estée Lauder exploring a Puig acquisition would create a roughly $20 billion revenue cosmetics group.
- TD Cowan warns the deal reshapes geographic and product mix but would require Estée Lauder to pay a hefty premium to win the Spanish house's shareholders.
Sumitomo Says No Talks But Jefferies Stock Rises
- Sumitomo Mitsui says it has no immediate plan or talks to buy Jefferies but keeps watching the bank's stock.
- Despite the denial, Jefferies shares jumped about 9% as investors price in a possible future move given Sumitomo's existing 4.5% stake.
FCC Router Ban Lifts Netgear As Domestic Supplier
- The FCC banned imports of new consumer-grade routers produced abroad citing national security, boosting Netgear because it doesn't manufacture in China.
- Netgear claims a transparent supply chain, making its products easier to get conditional approvals and sending the stock up ~11%.