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BED BATH & BEYOND OFFERING EFFECTIVE

 SPRINGFIELD, N.J., Aug. 16 /PRNewswire/ -- Bed Bath & Beyond Inc. (NASDAQ: BBBY) announced today that the Registration Statement for a secondary offering filed on August 2 has been declared effective by the Securities and Exchange Commission. The company also advised that a secondary offering of an aggregate of four million shares of common stock (3,200,000 shares offered in the United States and 800,000 offered in a concurrent international offering outside the United States) has been commenced, and that the offering price is $22.25.
 Goldman, Sachs & Co. and Lehman Brothers are the underwriters for the U.S. offering, and Goldman Sachs International Limited and Lehman Brothers International are the underwriters for the international offering. The selling shareholders are Warren Eisenberg and Leonard Feinstein, the co-chief executive officers of the company. The selling shareholders have also granted the underwriters an option to purchase up to an aggregate of 600,000 shares to cover over-allotments.
 Bed Bath & Beyond operates a nationwide chain of "superstores" selling better quality domestics merchandise and home furnishings.
 -0- 8/16/93
 /CONTACT: Richard D. Falcone, chief financial officer and treasurer of Bed Bath & Beyond Inc., 201-379-1520/
 (BBBY)


CO: Bed Bath & Beyond ST: New Jersey IN: REA SU: OFR

LD -- NY110 -- 3337 08/16/93 20:40 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
Words:213
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