The Associated Press

No Deal Yet In Market Basket Feud

TEWKSBURY, Mass. — The family feud that has brought the Market Basket supermarket chain to its knees may be nearing its end.

Ousted CEO Arthur T. Demoulas has reportedly made a $1.5 billion offer to buy out the part of the company controlled by his rival cousin, Arthur S. Demoulas, and his allies on the board.

The board was scheduled to meet Sunday but the meeting was called off due to disagreements over some terms of the sale.

Arthur T. Demoulas’ ouster earlier this summer prompted an employee walkout and customer boycott that has led to empty shelves and a mere trickle of business at the private company’s 71 stores in Massachusetts, New Hampshire and Maine.

Store managers and employees expressed confidence over the weekend that a deal was imminent.

Please follow our community rules when engaging in comment discussion on
  • NotKennedy

    Twas a jouster did lead to his ouster and ended with
    days austere
    Dancing lizards, in parking lots
    trifles and amusements for the tots

    The days became many
    No settlement near
    The media talking
    His praise, they hold dear

    What once was lively and well esteemed
    Now reduced to placards of mindless meme
    They say T is good, not anyone else
    Now the groceries stay on the shelf

    Then comes an offer
    From an empty coffer
    To pay what he hasn’t got
    Another day, nothing has changed
    Still vagabonds in the parking lots
    Artie Shave

  • X-Ray

    Another nail in the coffin of Market Basket. It seems the Board would rather see the company go “belly up” than make a minor compromise. They didn’t start or support the comapny but have the capacity to kill it, to the detriment of the customers, the suppliers, their employees, the Commonweath, and themselves.

  • Neil Blanchard

    The board of directors is waiting for … ? They have no chance of reviving this company without Arthur T. on board. They will have virtually no employees and almost no customers.

Most Popular