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PRICE CLUB CONFIRMS EXPIRATION OF HART-SCOTT-RODINO WAITING PERIOD

 SAN DIEGO, Aug. 3 /PRNewswire/ -- The Price Company (NASDAQ: PCLB) confirmed today that, in connection with its proposed merger with Costco Wholesale Corp., the 30-day waiting period required under the Hart- Scott-Rodino Antitrust Improvements Act expired on midnight Friday, July 30, 1993, with respect to the required company filings. Expiration of this waiting period is legally required before such a transaction may be completed.
 There remains a number of other conditions to the transaction. These conditions include expiration of applicable waiting periods for Hart-Scott-Rodino filings to be made shortly on behalf of certain significant shareholders of each company (for which the parties intend to seek early termination) and approvals by shareholders of both companies, for which meetings are expected to be held in early fall of this year, although no dates have yet been set.
 -0- 8/3/93
 /CONTACT: Dale Fisher, director of investor relations of The Price Company, 619-581-4692/
 (PCLB)


CO: The Price Company; Costco Wholesale Corp. ST: California IN: REA SU: TNM

LS-JL -- SD007 -- 8661 08/03/93 07:30 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
Words:174
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