Thursday, July 24, 2014

Artie T. Makes Offer to Buy Market Basket Outright

KidFrank.com                   "Arthur T. Demoulas on Wednesday said he will make an offer to buy the Market Basket supermarket chain, seeking to regain control of the fractured company and end the decades-long family feud that has exploded into an extraordinary public spectacle this month. Demoulas said in a statement that he and his side of the family will try to buy the 50.5 percent of Market Basket now controlled by opposing relatives who supported his firing last month as president of the company. “We believe that our offer is a very full and fair one and should meet or exceed a seller’s expectations of the value of the company,” the statement said. “We care deeply about Market Basket and all of our associates and we want to work together to return the company to its successful model for serving our loyal customers. Those who received the offer need to consider the matter, so we are not in a position to comment further at this time.” " To continue reading story on BostonGlobe.com click here 


  * All quoted text courtesy of Boston Globe **Photo courtesy of Boston Business Journal

No comments:

Post a Comment