Independent binaries. Prices can sum past 100%.
Rule
This market resolves YES if L'Oreal acquires an independent beauty brand in 2026 and that acquisition is the largest by purchase price among all indie beauty acquisitions by L'Oreal in the same calendar year. Source: L'Oreal official announcements, SEC filings, or major business news outlets (Reuters, Bloomberg, WWD). If no qualifying acquisition occurs in 2026, this market resolves NO.
Source: https://www.loreal.com/
Resolves by Apr 8, 2027.