MANCHESTER, NH – After a summer of turmoil for the beloved Market Basket family-owned chain supermarket, everything is coming up roses for Arthur “Artie T.” Demoulas, who has purchased the remaining company shares, giving him full ownership.
Boston.com reports the $1.6 billion deal was struck Dec. 12 around 1 p.m.
Market Basket earlier this week issued $49 million worth of holiday bonuses to its workers, and three new Massachusetts store locations — in Revere, Littleton, and Waltham — have launched since August, when the stand-off between Artie T. and his cousin, Arthur S. Demoulas, was settled.
You can read the full story here at Boston.com
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- Artie T. responds, rejects Market Basket BOD ‘onerous terms’
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- Market Basket wants Artie T. back, but not as CEO
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- Market Basket employees given Aug. 4 deadline; job fairs planned
- Market Basket: ‘We’re fighting for the cause, to keep our boss’
- Market Basket Saga Rocks Us After Heads Roll
- Demoulas board blames Artie T. for ‘problems he helped create’