GREAT FALLS, Mont. -- Buttrey Food & Drug here said last week it has received an acquisition proposal of $10 per share in cash for its 8.6 million outstanding shares of common stock. The acquisition price would be $86 million, plus assumption of $43.9 million of debt.
Buttrey officials declined to name the company that made the proposal or discuss details of the proposed deal. However, one observer told SN, "The proposed buyer has got to be an industry player who can bring synergi