NEW YORK, Jan. 28 /PRNewswire/ -- The Estee Lauder Companies Inc.
(NYSE: EL) announced that it will be filing a registration statement today
with the SEC with respect to the underwritten public offering of 5,665,000
shares of Class A Common Stock by certain members of the Lauder family. The
Class A Common Stock is listed on the New York Stock Exchange under the symbol
"EL".
Upon completion of the offering, members of the Lauder family will
continue to beneficially own 79.3% of outstanding shares and 96.1% of the
combined voting power of the Company's common stock. The Company intends to
grant the underwriters a 30-day option to purchase up to 849,750 additional
shares of Class A Common Stock solely to cover over-allotments. A prospectus
related to the offering will be available following the filing of the
registration statement.
The Estee Lauder Companies Inc. is one of the world's leading
manufacturers and marketers of prestige skin care, makeup and fragrance
products. The Company's products are sold in over 100 countries and
territories under well-recognized brand names, including Estee Lauder,
Clinique, Aramis, Prescriptives, Origins, M.A.C. and Bobbi Brown essentials.
SOURCE The Estee Lauder Companies, Inc.
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CONTACT:
Gina R. Boswell, Investor Relations,
212-572-4384, or Karen O'Connor, Media Relations, 212-572-4439,
both of Estee Lauder
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