BUTTREY RECEIVES ACQUISITION PROPOSAL

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

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.

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