** Shares of cosmetics maker Estee Lauder EL.N down 2.9% in extended trading to $90.15 after secondary offering news

** EL says trusts affiliated with descendants of Leonard A. Lauder to part ways with ~11.3 mln shares

** Selling stockholders intend to use offering proceeds to assist with settlement of Lauder’s estate, including to satisfy certain obligations such as estate taxes, debts and administration expenses

** Post offering, members of the Lauder family will beneficially own, directly or indirectly, 82% of the outstanding voting power of EL's stock, per the statement

** JP Morgan is sole underwriter

** EL has ~360.3 mln shares outstanding

** Shares on Tues ended down 0.4% at $92.88, trimming YTD gain to ~24%

** Co early last Thurs posted qtrly results beat on robust growth in its fragrance business

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))