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3.0 MILLION SHARES OF BEST BUY CO., INC. COMMON STOCK PRICED AT $34.50 PER SHARE IN PUBLIC OFFERING

3.0 MILLION SHARES OF BEST BUY CO., INC. COMMON STOCK PRICED AT $34.50
 PER SHARE IN PUBLIC OFFERING
 MINNEAPOLIS, Nov. 13 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY) announced today the public offering of 3,000,000 shares of its common stock priced at $34.50 per share. Of the shares being offered 2,700,000 shares are being sold by the company and 300,000 shares are being sold by selling shareholders. The company has granted the underwriters an over-allotment option to purchase up to an additional 450,000 shares for 30 days.
 Goldman, Sachs & Co. lead-managed and William Blair & Company and Dain Bosworth Incorporated co-managed the offering.
 Net proceeds to the company of approximately $88 million will be used to finance "Concept II" store expansion, to repay a portion of short-term debt and for working capital and other general purposes.
 Best Buy Co., Inc. is the third largest publicly held consumer electronics and major appliance retailer in the United States. Best Buy sells nationally recognized name brand consumer electronics, major appliances, home office products, entertainment software and photographic equipment at 68 stores located in Minnesota, Iowa, Wisconsin, South Dakota, Illinois, Kansas, Missouri, Nebraska, Texas, and Colorado. Best Buy's common stock is traded on the New York Stock Exchange under the symbol "BBY".
 -0- 11/13/91
 /CONTACT: Richard M. Schulze, chairman and CEO, 612-896-2448, 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 AL -- MN004 -- 3811 11/13/91 09:49 EST
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Publication:PR Newswire
Date:Nov 13, 1991
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