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BEST BUY ANNOUNCES 3-FOR-2 STOCK SPLIT

 MINNEAPOLIS, July 15 /PRNewswire/ -- The board of directors of Best Buy Co., Inc. (NYSE: BBY), announced today a 3-for-2 stock split, payable in the form of a stock dividend. Shareholders of record on Friday, July 30, 1993, will receive one additional share for every two shares held, to be issued on Wednesday, Sept. 1, 1993. Fractional shares will be redeemed for cash. After the split, the company will have approximately 20.8 million shares outstanding.
 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 117 stores located in 16 states in the central United States. Best Buy's common stock is traded on the New York Stock Exchange under the symbol BBY.
 -0- 7/15/93
 /CONTACT: Richard Schulze, 612-896-2448, or Allen Lenzmeier, 612-896-2454, both of Best Buy/
 (BBY)


CO: Best Buy Co. ST: Minnesota IN: SU:

MA -- MN006 -- 1764 07/15/93 08:27 EDT
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Publication:PR Newswire
Date:Jul 15, 1993
Words:179
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