BUTTREY FOOD AND DRUG STORES ANNOUNCES OFFERING
BUTTREY FOOD AND DRUG STORES ANNOUNCES OFFERING GREAT FALLS, Mont., Feb. 13 /PRNewswire/ -- Buttrey Food and Drug
Stores Company (NASDAQ: BTRY) announced today the initial public offering of 3,000,000 shares of common stock at a price of $21 per share. Of the shares being offered, 1,779,532 shares are being issued and sold by the company, and 1,220,468 shares are being sold by selling stockholders. In addition, the underwriting group has been granted an over-allotment option by the company to purchase an additional 352,279 shares.
All of the shares are being offered through an underwriting group managed by Morgan Stanley & Co. Incorporated and Lehman Brothers. Copies of the final prospectus relating to the offering may be obtained from either of such firms. Buttrey Food and Drug Stores Company is headquartered in Great Falls, Mont., and currently operates 43 stores and three distribution centers in Montana, Washington, Wyoming, North Dakota and Utah. -0- 2/13/92 /CONTACT: John E. Sullivan, vice president of Buttrey Food and Drug Stores Company, 406-761-3401/ (BTRY) CO: Buttrey Food and Drug Stores Company ST: Montana IN: REA SU: OFR PS -- NY115 -- 0006 02/13/92 17:53 EST
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|Date:||Feb 13, 1992|
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