UNION, N.J., July 13 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced that the Board of Directors declared a two-for-one stock split of the Common Stock of Bed Bath & Beyond Inc., which will be effected in the form of a 100% stock dividend. The stock dividend will be distributed on August 11, 2000 to shareholders of record on July 28, 2000.
Bed Bath & Beyond Inc. is a nationwide chain of superstores selling better quality domestics merchandise and home furnishings. Its stock is traded on NASDAQ under the symbol "BBBY" and is included in the Standard & Poor's 500 Index and the NASDAQ-100 Index. The Company has been assigned an investment grade credit rating by Standard & Poor's. SOURCE Bed Bath & Beyond Inc.
CONTACT: Ronald Curwin, Chief Financial Officer and Treasurer, ext. 4550, or Kenneth C. Frankel, Director of Financial Planning, ext. 4554, or Paula J. Marbach, Investor Relations, ext. 4552, fax, 908-810-8813, all of Bed Bath & Beyond/