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COSTCO WHOLESALE CORP. - COMPLETION OF CERTAIN REGULATORY REVIEWS

 SEATTLE, Sept. 2 /PRNewswire/ -- Costco Wholesale Corp. (NASDAQ: COST) announced today that in connection with the proposed merger of The Price Co. and Costco Wholesale Corp., the office of the Attorney General of the State of California has advised the parties that it has completed a review of the proposed merger and, on the basis of certain information supplied and available to it, has determined to take no action in this matter. Other regulatory reviews of the transaction have also been completed, including expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, early termination of the waiting period with respect to the Hart-Scott-Rodino filings regarding certain significant shareholders of each company, the issuance of an Advance Ruling Certificate by the Director of Investigation and Research of Canada's Bureau of Competition Policy indicating that the Bureau will not take action under Section 92 of Canada's Competition Act with respect to the proposed merger, and a determination pursuant to the Investment Canada Act that the transaction is likely to be of net benefit to Canada. There remain certain conditions to the transaction, including approvals by shareholders of both companies, for which meetings are expected to be held during the second half of October or early November of this year, although no dates have yet been set.
 -0- 9/2/93
 /CONTACT: Richard A. Galanti of Costco Corp., 206-828-8100/
 (COST)


CO: Costco Corp. ST: Washington IN: REA SU:

IC-JH -- SE005 -- 8215 09/02/93 07:40 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
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