WebHeader_Grove.png
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Get 2 limited-edition podcast mugs when you make a sustaining gift of $8 or more per month today!

Arthur T. Demoulas Submits Final Market Basket Bid

Market Basket in Somerville.
Abbie Ruzicka
/
WGBH
Market Basket in Somerville.
Market Basket in Somerville.
Credit Abbie Ruzicka / WGBH
/
WGBH
Market Basket in Somerville.

The bitter five-week standoff that has cost thousands of Market Basket workers their jobs and prompted a customer boycott may be drawing to a close.

Ousted Market Basket CEO Arthur T. Demoulas submitted a final offer to buy his family’s grocery chain on Friday. The details of the offer have not been made public.

A Market Basket representative says the board is scheduled to meet Sunday or early next week to discuss his final bid.

Earlier this month, the majority owners broke their silence, saying they had offered to sell the company to Arthur T. Demoulas after he was fired in June. They said the price was right, but the terms of his offer were not.

Copyright 2014 GBH

Anne Mostue’s work in radio journalism has taken her from black bear dens in the North Woods of Maine to the streets of Seoul and San Juan.

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.