Activist investor Peltz tells Cramer he’s not pursuing Estee Lauder

News Snapshot:

Activist investor Nelson Peltz has no intention of pursuing a shakeup at Club holding Estee Lauder (EL), in part because the prestige beauty firm's dual-class share structure gives the Lauder family outsized control over the direction of the company, Jim Cramer said Monday . Jim's comments came in response to a New York Post story Sunday that claimed Peltz was exploring an activist campaign targeting Estee Lauder, while seeking the ouster of longtime CEO Fabrizio Freda. The Post report came on the heels of Estee Lauder last week reporting mixed quarterly results and issuing disappointing guidance that sent the stock...