Albertson’S Extends Buttrey Tender Offer

Thu., July 16, 1998

From Staff

Albertson’s Inc. is willing to extend for the second time its $133 million offer to buy all of the outstanding shares of common stock in Buttrey Food and Drug Stores Co.

The offer expires at midnight Wednesday.

Mike Read, Albertson’s vice president of public affairs, said Tuesday the extended offer would be the same one made on Jan. 21 - $15.50 per share for about 8.6 million outstanding shares of Buttrey common stock.

Boise-based Albertson’s, the nation’s fourth-largest food and drug retailer, operates 866 supermarkets in 20 states and has annual sales of about $13.8 billion.

Buttrey operates 43 stores in Montana, Wyoming and North Dakota with about $400 million in annual sales.

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Albertson’S Extends Buttrey Tender Offer

Jesse Tinsley

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