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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14D-1
(AMENDMENT NO. 7)
TENDER OFFER STATEMENT
PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
AND
SCHEDULE 13D
(AMENDMENT NO. 7)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
________________
BUTTREY FOOD AND DRUG STORES COMPANY
(NAME OF SUBJECT COMPANY)
LOCOMOTIVE ACQUISITION CORP.
ALBERTSON'S, INC.
(BIDDERS)
________________
COMMON STOCK, PAR VALUE $.01 PER SHARE
(TITLE OF CLASS OF SECURITIES)
________________
124234105
(CUSIP NUMBER OF CLASS OF SECURITIES)
________________
THOMAS R. SALDIN, ESQ.
ALBERTSON'S, INC.
250 PARKCENTER BOULEVARD
P.O. BOX 20
BOISE, IDAHO 83726
TELEPHONE: (208) 395-6200
FACSIMILE: (208) 395-6225
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)
COPY TO:
THEODORE J. KOZLOFF, ESQ.
SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
FOUR EMBARCADERO CENTER, SUITE 3800
SAN FRANCISCO, CALIFORNIA 94111
TELEPHONE: (415) 984-6400
FACSIMILE: (415) 984-2698
SEPTEMBER 23, 1998
(DATE OF EVENT WHICH REQUIRES FILING OF STATEMENT ON SCHEDULE 13D)
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CALCULATION OF FILING FEE
TRANSACTION VALUATION* $141,424,821
AMOUNT OF FILING FEE $28,285
__________
* Estimated for purposes of calculating the amount of the filing fee only.
This amount assumes the purchase of 9,124,182 shares of common stock,
$.01 par value (the "Shares"), of Buttrey Food and Drug Stores Company
at a price of $15.50 per Share in cash. Such number of Shares represents
the 8,644,631 Shares outstanding as of January 23, 1998 and assumes the
issuance prior to the consummation of the Offer of 479,551 Shares upon
the exercise of outstanding options and warrants. The amount of the
filing fee calculated in accordance with Regulation 240.0-11 of the
Securities Exchange Act of 1934, as amended, equals 1/50th of one
percent of the value of the transaction.
[X] Check box if any part of the fee is offset as provided by Rule 0-11
(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: $28,285
Form or Registration No.: Schedule 14D-1 and Schedule 13D
Filing Party: Locomotive Acquisition Corp. and Albertson's, Inc.
Date Filed: January 26, 1998
This Amendment No. 7 to the Tender Offer Statement on Schedule 14D-1
and Amendment No. 7 to Schedule 13D amends and supplements the Tender Offer
Statement on Schedule 14D-1 and Schedule 13D originally filed on January
26, 1998 (the "Schedule 14D-1") by Albertson's, Inc., a Delaware
corporation ("Parent"), and Locomotive Acquisition Corp., a Delaware
corporation and a wholly owned subsidiary of Parent ("Purchaser"), with
respect to Purchaser's offer to purchase all of the outstanding shares of
common stock, par value $.01 per share (the "Shares"), of Buttrey Food and
Drug Stores Company, a Delaware corporation (the "Company"), at $15.50 per
Share, net to the seller in cash, without interest, upon the terms and
subject to the conditions set forth in the Offer to Purchase, dated January
26, 1998 (the "Offer to Purchase"), and the related Letter of Transmittal
(which, together with any amendments or supplements thereto, constitute the
"Offer"), which were filed as Exhibits (a)(1) and (a)(2), respectively, to
the Schedule 14D-1. Unless otherwise defined herein, all capitalized terms
used herein shall have the respective meanings given to such terms in the
Schedule 14D-1.
ITEM 10. ADDITIONAL INFORMATION.
Item 10(f) is hereby amended and supplemented by incorporating by
reference therein the press release issued by Parent on September 23, 1998,
a copy of which is filed as Exhibit (a)(15) to the Schedule 14D-1.
ITEM 11. MATERIALS TO BE FILED AS EXHIBITS.
Item 11 is hereby amended to add the following:
(a)(15) Press Release of Parent dated September 23, 1998.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Date: September 24, 1998
LOCOMOTIVE ACQUISITION CORP.
By: /s/ Thomas R. Saldin
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Name: Thomas R. Saldin
Title: Vice President
ALBERTSON'S, INC.
By: /s/ Thomas R. Saldin
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Name: Thomas R. Saldin
Title: Executive Vice President,
Administration and General
Counsel
INDEX TO EXHIBITS
Exhibit
Number Exhibit
(a)(15) Press Release of Parent dated September 23, 1998.
EXHIBIT (A)(15)
September 23, 1998
FOR IMMEDIATE RELEASE
ALBERTSON'S, INC. REACHES AGREEMENT WITH FTC ON ACQUISITION
OF BUTTREY FOOD AND DRUG STORES COMPANY
Albertson's, Inc. (NYSE:ABS) announced today that, pursuant to an
agreement with the Federal Trade Commission (FTC), the waiting period under
the Hart-Scott-Rodino Antitrust Improvements Act of 1976 applicable to the
acquisition of Buttrey Food and Drug Stores Company (NASDAQ:BTRY) by
Locomotive Acquisition Corp., a wholly owned subsidiary of Albertson's, has
been terminated and Albertson's is now permitted to complete its purchase
of Buttrey.
Albertson's also announced that it does not expect to further extend
Locomotive Acquisition Corp.'s outstanding tender offer for all of the
issued and outstanding shares of common stock of Buttrey at $15.50 per
share net to the seller in cash. Albertson's anticipates that all of the
Buttrey shares validly tendered and not withdrawn at the expiration of the
tender offer at 12:00 midnight New York City time on September 30, 1998,
will be accepted.
Gary Michael, chairman of the board and chief executive officer of
Albertson's said, "We are pleased to reach this important stage of the
acquisition process and appreciate the patience demonstrated by the
employees and the communities during this lengthy process. We look forward
to operating the newly acquired stores and to working with the excellent
employees which will enable us to better serve the consumer."
Albertson's, Inc. is one of the largest retail food-drug chains in the
United States. The Boise, Idaho based company currently operates 936
retail stores in 24 Western, Midwestern and Southern states.
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CONTACT:
Albertson's, Inc., Boise, Idaho
Investor Relations
A. Craig Olson 208/395-6284
Renee Bergquist 208/395-6622
News Media 208/395-6392
Mike Read
Jenny Enochson
