Contact Us
Make My Homepage

No deal yet in Market Basket feud

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

In this photo taken with a fisheye lens, shopping carts are arranged forming the letters "ATD" in the parking lot of a Market Basket Supermarket in North Andover, Mass
In this photo taken with a fisheye lens, shopping carts are arranged forming the letters “ATD” in the parking lot of a Market Basket Supermarket in North Andover, Mass. (AP Photo/Elise Amendola)

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.

(© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed)

Best of NJ 101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.