Would-be Estée Lauder investor has no plans to boost ‘mini-tender’ offer

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The luxury beauty and fashion conglomerate said it doesn’t endorse the below-market bid, which doesn’t require typical disclosures because it’s for less than 5% of its outstanding shares.

"HK TKO zh:將軍澳 Tseung Kwan O PopCorn mall shop in January 2022" by CAHOGNSUIE 202 KADPA is licensed under CC BY-SA 4.

TRC has a track record of such offers to the shareholders of a variety of companies.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United StatesHong Kong

Topics: Investors Offer Larger Price Shares Shareholders Lauder Tender Estée Offers Mini-tender

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 12:24:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 22543678

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