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Linens 'n Things announces Initial Public Offering.

CLIFTON, N.J.--(BUSINESS WIRE)--Nov. 26, 1996--Linens 'n Things, Inc. announced the initial public offering of 13 million shares of its Common Stock at a price to the public of $ 15.50 per share. All of the shares are being sold by Nashua Hollis CVS, Inc., a subsidiary of CVS Corporation ("the Selling Shareholder"). The Selling Shareholder has granted the Underwriters an option to purchase up to an additional 1,950,000 shares to cover over-allotments, if any. The Common Stock will trade on the New York Stock Exchange under the symbol LIN .

CS First Boston and Donaldson, Lufkin & Jenrette Securities Corporation are the managers of the underwriting syndicate offering the shares to the public.

Linens'n Things, Inc. will not receive any proceeds from the sale of shares of Common Stock by the Selling Shareholder.

Linens'n Things, Inc. is one of the leading, national large format retailers of home textiles, housewares and home accessories operating 156 stores in 33 states (as of September 28, 1996). This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws with any such state.

A copy of the prospectus relating to the offering may be obtained from CS First Boston, Eleven Madison Avenue, New York, NY 10010-3629, Attention: Prospectus Department (Telephone Number 212-325-2580).

CONTACT: CS First Boston Corporation

Joseph D. Fashano, Director, Investment Banking

212/325-2107
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Publication:Business Wire
Date:Nov 26, 1996
Words:260
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