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2.25 MILLION SHARES OF BEST BUY CO., INC. COMMON STOCK PRICED AT $38.50 PER SHARE IN PUBIC OFFERING

 MINNEAPOLIS, May 14 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY), announced today the public offering of 2,250,000 shares of its common stock priced at $38.50 per share. Of the shares being offered, 1,800,000 shares are being sold by the company in the United States, and 450,000 shares are being sold by the company outside of the U.S. The company has granted the U.S. underwriters and the international underwriters over-allotment options to purchase up to an additional 270,000 shares and 67,500 shares, respectively, for 30 days.
 Goldman, Sachs & Co. lead-managed and Merrill Lynch, Pierce, Fenner & Smith Incorporated and William Blair & Company co-managed the U.S. offering, and Goldman Sachs International lead-managed and Merrill Lynch International Limited and William Blair & Company co-managed the international offering.
 Net proceeds of the company of approximately $82.2 million will be used to support the company's expansion plans, as well as for working capital and other general corporate purposes.
 Best Buy Co., Inc. is the nation's second largest publicly held consumer electronics and major appliance specialty retailer. The company, now in its 27th year, sells nationally recognized name brand consumer electronics, home office products, major appliances, entertainment software and photographic equipment at 115 stores located in 14 states (Minnesota, Texas, Illinois, Wisconsin, Missouri, Indiana, Colorado, Iowa, Kansas, Nebraska, Oklahoma, Arkansas, New Mexico and South Dakota). Best Buy's common stock is traded on the New York Stock Exchange under the symbol "BBY."
 -0- 5/14/93
 /CONTACT: Richard M. Schulze, chairman and CEO, 612-896-2448, or Allen Lenzmeier, executive vice president and CFO, 612-896-2454, both of Best Buy Co., Inc./
 (BBY)


CO: Best Buy Co., Inc. ST: Minnesota IN: REA SU: OFR

SH-TS -- NY012 -- 8468 05/14/93 08:52 EDT
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Publication:PR Newswire
Date:May 14, 1993
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