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bebe stores, inc. Announces Reverse Stock Split

BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. (NASDAQ:BEBE) today announced a one-for-ten reverse stock split, in which every ten (10) shares of the company's common stock will be combined and reclassified into one (1) share of the company's common stock. The reverse stock split was approved by the Company’s shareholders at its Annual Meeting of Shareholders held on December 15, 2015, and the specific one-for-ten ratio was agreed upon and approved by the Company’s Board of Directors. The reverse stock split will be completed before NASDAQ opens for trading on December 9, 2016.