In light of the significance of this proposal to your stockholders and ours, as well as the potential for selective disclosure, we are publicly releasing the text of this letter.
In light of the significance of this proposal to your shareholders and ours, as well as the potential for selective disclosures, our intention is to publicly release the text of this letter tomorrow morning.
Estee Lauder has given this due attention with cost reductions combined with focused promotional spending on higher-margin recent launches and designer fragrances as well as selective markets that exhibit the greatest potential.