SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 1, 1997
THE ESTEE LAUDER COMPANIES INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-14064 11-2408943
(State or Other (Commission (I.R.S. Employer
Jurisdiction File Number) Identification Number)
of Incorporation)
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
(Address of principal executive offices) (zip code)
(212) 572-4200
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
ITEM 2. ACQUISITION OF ASSETS.
On December 1, 1997, pursuant to an Asset and Stock Purchase
Agreement, dated as of November 18, 1997 (the "Agreement"), by and among A-veda
Corporation ("Aveda"), certain of its affiliates, and The Estee Lauder Companies
Inc. (the "Registrant"), the Registrant, through certain of its wholly-owned
subsidiaries, completed the acquisition of, among other things, substantially
all of the assets of Aveda and certain of its affiliates and the assumption of
certain of the obligations and liabilities related thereto.
The purchase price negotiated by the parties was $300,000,000
in cash. The full amount of the purchase price was obtained from borrowings
under the Registrant's revolving credit facility with Morgan Guaranty Trust
Company of New York, Deutsche Bank AG, The Chase Manhattan Bank, Citibank, N.A.,
Bank of America Illinois, Bank of Tokyo - Mitsubishi Trust Company, Kredietbank,
Credit Suisse and Union Bank of Switzerland.
Aveda and its affiliates are engaged in the research,
development, manufacture, marketing and sale of hair, skin and body care
products and services, fragrances, essential oils and other beauty care products
(collectively, the "Business"). The Registrant intends to continue to conduct
the Business substantially in the same manner as it is currently being
conducted.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro forma Financial Information.
Not applicable.
(c) Exhibits
Not applicable.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE ESTEE LAUDER COMPANIES INC.
By: /s/Robert J. Bigler
------------------------------
Name: Robert J. Bigler
Title: Senior Vice President
and Chief Financial Officer
Dated: December 1, 1997
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