WEBVTT - Puig Gains Most Ever; Jefferies' Takeover Talk; Netgear Shares Rise

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Mover's Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>Here's Alexis Christopher's.

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<v Speaker 3>All right, I want to start with a Fragrance deal.

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<v Speaker 3>Possible Fragrance deal. So Este Lauder considering of buying Spain's

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<v Speaker 3>pooch brands. Now, just you know, it's like it's strange,

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<v Speaker 3>it's spelled p U. I G okay, I'm with.

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<v Speaker 2>It.

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<v Speaker 1>That's there's a very famous music mixer who makes compressors

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<v Speaker 1>and things we say tweak.

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<v Speaker 3>I like, well, I like that better. But apparently it's

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<v Speaker 3>it's Catalan from space and are off. Now there you go,

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<v Speaker 3>all right, So there mixed results. Here are mixed opinions

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<v Speaker 3>about this possible deal on Wall Street. So the acquisition

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<v Speaker 3>would add fragrances like Caroline her arraraband to esday Latter's portfolio.

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<v Speaker 3>But TD Cowan's out with a note this morning, Actually, Tom,

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<v Speaker 3>thank you for sending this. Bring this to my attention.

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<v Speaker 3>They're out with some key considerations here. They say it

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<v Speaker 3>would create a company approximately twenty billion dollars in revenue,

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<v Speaker 3>meaningfully rebalanced geographic and product mix, which I think just

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<v Speaker 3>means they're going to have a larger reach right supply

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<v Speaker 3>chain and revenue synergies. But they said it's sort of

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<v Speaker 3>like booking the DJ before fixing the venue.

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<v Speaker 1>Oh I like that, right, But you need to understand

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<v Speaker 1>you got to welcome to surveillance. It has nothing to

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<v Speaker 1>do with me. Oliver Chen emailed me and said, hey, stupid,

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<v Speaker 1>give this to Alexis christopherus Oliver, thank you.

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<v Speaker 3>For that, Thank you, Oliver. And also there are concerns

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<v Speaker 3>out there that you know, Esday Lauder's got a CEO

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<v Speaker 3>who's trying to turn things around.

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<v Speaker 1>There just say we don't care. What does Alexis Christophers

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<v Speaker 1>think about the busting of this brand Esday Lauder. Yeah,

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<v Speaker 1>and now they're trying to keep it going.

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<v Speaker 3>I mean Wall Street it's not loving it because Esday

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<v Speaker 3>Latter's stock is under pressure. But Brooch is up twenty

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<v Speaker 3>one percent year to date, up about fifteen percent today.

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<v Speaker 3>So there you go. See if it happens all right, Jeffries,

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<v Speaker 3>there is some breaking news here, or I'll call it

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<v Speaker 3>sort of updated news on Jeffries So remember the Financial

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<v Speaker 3>Times had said that the Japanese bank Sumi Tomo's Mittsui

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<v Speaker 3>was considering buying Jeffries Financial Group. Well, now Sumi Tomo

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<v Speaker 3>is out saying it has no immediate plan to take

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<v Speaker 3>over Jeffries and that it is not engaged in talks

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<v Speaker 3>with the Wall Street lender, but it is keeping an

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<v Speaker 3>eye on the bank and its stock, and they said

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<v Speaker 3>if it gets to a level that is attractive, it

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<v Speaker 3>may move on that. Nevertheless, shares of Jeffries still up

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<v Speaker 3>here about nine percent.

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<v Speaker 2>De Matimo owns about four point five percent of the

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<v Speaker 2>company already, Tom.

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<v Speaker 1>Is it private credit based? I mean Jeffries gossip around Jeffries?

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<v Speaker 1>I don't know.

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<v Speaker 3>Now you know what it was. It was hit because

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<v Speaker 3>it had exposure to first brands YEP and market financial.

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<v Speaker 1>Someonet private credit.

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<v Speaker 3>Right, that's true.

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<v Speaker 1>So it's like a death story. Yeah, we been here before.

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<v Speaker 2>Hey, exactly exactly. It's another isolated incident.

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<v Speaker 1>I don't know, Yeah, very isolated. Isolate to another stock.

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<v Speaker 3>All right, let's move over to Netgear. Interesting here, the

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<v Speaker 3>stock is up eleven percent. The FCC overnight issued and

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<v Speaker 3>order banning consumer grade routers, which basically means you know

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<v Speaker 3>routers in your home and mind are produced in foreign countries.

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<v Speaker 3>They cite a threat to national security and consumer safety.

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<v Speaker 3>But a beneficiary here would be Netgear because the company

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<v Speaker 3>doesn't makes its routers in China. It has a transparent

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<v Speaker 3>supply chain, it says, so it would make approval sort

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<v Speaker 3>of conditional.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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