War Of Words Continues In Market Basket Conflict

There's been a new twist in the war of words between Market Basket's ousted CEO and its board of directors.

In a new statement, a spokeswoman for ousted CEO Arthur T. Demoulas blasts the board of directors for issuing public statements about negotiations to let him buy the company.

The new statement from Arthur T. says Demoulas offered to buy Market Basket at a price set by the majority shareholders — one that reflects the company's value before a customer boycott.

It says "onerous" terms are preventing Demoulas from buying a controlling share from those family members and that his offers to buy the company "have been rejected, not on the basis of price, but with counterproposals that have been laden with onerous terms that are far beyond comparable transactions."

The statement comes after a shareholder statement accusing Demoulas of not negotiating in good faith.

The Arthur T. statement concludes with the hope that the next time either side communicates with the press, it will be to announce a completed sale.

The board of directors also issued a new statement early Monday evening saying they want they want to resolve the current labor stand-off.

The statement says the board is preparing to make some difficult decisions, but it does not say what they are.

With reporting from the WBUR Newsroom and the Associated Press.

This article was originally published on August 11, 2014.


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