In Brief: Estee Lauder Co.
This article was originally published in The Rose Sheet
Executive Summary
Estee Lauder Co.: Lauder family grosses approximately $340 mil. from the sale of approximately 7.2 mil. Class A shares at $47 a share. The secondary public offering, which occurred Feb. 10, increased the number of shares for sale from the 5.7 mil. offered in the original filing ("The Rose Sheet" Feb. 3, p. 10). The sale will not have a substantial effect on the family's hold in the company, leaving it with 78% of outstanding shares and 95.9% of the combined voting power...