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Prospect News home > News index > List of issuers E > Headlines for Estee Lauder Cos. Inc. > News item |
Estee Lauder Traces exchange date extended to May 23
New York, Jan. 23 - Estee Lauder Cos. Inc. said the exchange date for the Trust Automatic Common Exchange Securities (Traces) has been extended to May 23, 2002 from Feb. 23, 2002.
The convertibles were issued by the Estee Lauder Automatic Common Exchange Security Trust II.
The company said the seller of the Estee Lauder Class A common stock underlying the Traces has chosen to exercise the extension option under the purchase agreement between the seller and the trust.
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