WWE Offering 6.1M Shares

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World Wrestling Entertainment Inc. said Wednesday that approximately 6.1 million shares of its class-A common stock owned by the Vincent K. McMahon Irrevocable Trust will be made available in a public offering.

The trust was established in June 1999 as an estate-planning vehicle for the benefit of WWE chairman Vince McMahon and members of his family. It holds shares of class-B common stock, which, upon their sale, will automatically be converted into class-A shares on a one-for-one basis, WWE said.

UBS Securities LLC is the sole book-running manager for the offering, while Natexis Bleichroeder Inc. is acting as co-manager, WWE added.

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