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COSTCO WHOLESALE CORP. ADOPTS SHAREHOLDER RIGHTS PLAN

 KIRKLAND, Wash., July 8 /PRNewswire/ -- Costco Wholesale Corp. (NASDAQ-NMS: COST) announced that is has adopted a Shareholder Rights Plan under which Preferred Stock Purchase Rights will be distributed as a dividend at the rate of one Right for each share of Common Stock held as of the close of business on July 8, 1993. The Rights Plan was adopted in connection with the previously announced merger of Costco and The Price Co. The Rights will expire at the effective time of the merger, or, if the merger should not be consummated, at the close of business on July 2, 2003.
 The Rights will be exercisable and transferable apart from the Common Stock only if a person (other than certain exempt persons, including The Price Company by virtue of the option granted to Price by Costco in connection with the merger transaction), on or after June 15, 1993, acquires beneficial ownership of 10 percent or more of the Common Stock; or if any person commences a tender or exchange offer upon consummation of which such person would beneficially own 10 percent or more of the common stock.
 Details of the Shareholder Rights Plan are outlined in a summary of the Rights Plan which will be mailed to all shareholders shortly.
 -0- 7/8/93
 /CONTACT: Richard A. Galanti of Costco Wholesale, 206-828-8100/
 (COST)


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

SB-JH -- SE006 -- 9285 07/08/93 06:45 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
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