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Estee Lauder Poised to Shop After Deal Drought: Real M&A

Estee Lauder Cos. is due for a deal.

The $27 billion cosmetics giant is on the verge of its longest stretch without a purchase in at least 19 years, according to data compiled by Bloomberg. The New York-based company, which hasn’t announced any acquisitions since Smashbox Beauty Cosmetics Inc. in May 2010, has a history of turning small takeovers into big-name brands such as MAC and Bobbi Brown beauty products. It’s now in a good position to make another move, Royal Bank of Canada said.