Business: A Company for Hanns

Manhattan Investment Banker Hanns Ditisheim, 55, is a spruce, Swiss-born millionaire with a speculator's sharp eye for an underpriced stock and a burning desire to control a big company. Last week, after having a foot in the door for nearly two years, Ditisheim and a syndicate of backers bought enough stock (55%) to get control of Chicago's Butler Bros., which owns 2,375 Ben Franklin 5 & 10¢ stores, 90 variety and department stores, $9,000,000 of Chicago and" Dallas real estate, and had 1955 sales of $117 million.

Bargain Hunter. In the last seven years...