Estée Lauder family trusts to sell 11.3M shares to settle Leonard A. Lauder estate obligations

Publié il y a 4 jours Positive
Estée Lauder family trusts to sell 11.3M shares to settle Leonard A. Lauder estate obligations
Auto
* Trusts affiliated with Leonard A. Lauder’s descendants plan to sell 11.3M shares of Estée Lauder (EL [https://seekingalpha.com/symbol/EL]) Class A common stock in a registered public offering [https://seekingalpha.com/pr/20293323-the-estee-lauder-companies-announces-secondary-offering-of-class-a-common-stock-by-selling].
* All proceeds go to the selling stockholders—Estée Lauder Companies will not receive any funds from the sale.
* Proceeds will be used to settle Leonard A. Lauder’s estate, including estate taxes, debts, and administration expenses.
* After the offering, Lauder family members will retain about 82% of the company’s total voting power.
* The selling stockholders and LAL Family Partners L.P. will be subject to a 90-day lock-up agreement with the underwriter.

MORE ON ESTEE LAUDER

* The Estée Lauder Companies Inc. (EL) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4835640-the-estee-lauder-companies-inc-el-q1-2026-earnings-call-transcript]
* Estée Lauder: A Moat That Isn't There, Still Too Pricey To Bear [https://seekingalpha.com/article/4828711-este-lauder-a-moat-that-isnt-there-still-too-pricey-to-bear]
* Estée Lauder: Concealing The Past? [https://seekingalpha.com/article/4824981-estee-lauder-concealing-past]
* Estée Lauder reaffirms fiscal 2026 outlook with focus on driving 3% organic sales growth and double-digit operating margin [https://seekingalpha.com/news/4511634-estee-lauder-reaffirms-fiscal-2026-outlook-with-focus-on-driving-3-percent-organic-sales]
* Estée Lauder beats FQ1 expectations, sets FY26 sales outlook above street view [https://seekingalpha.com/news/4511327-estee-lauder-beats-fq1-expectations-sets-fy26-sales-outlook-above-street-view]