Wednesday, April 25, 2007

Estee Lauder files $750 mln shelf offering

(Reuters) - The company said it intends to use the proceeds for general corporate purposes, including repayment of debt, acquisitions and buyback of Class A common stock, among other things.

Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.


Read more at Reuters.com Government Filings News

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