Demoulas board blames Artie T. for ‘problems he helped create’

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Portraits of Arthur T. DeMoulas are posted inside the Manchester store.
Portraits of Arthur T. DeMoulas are posted inside the Manchester store.

On Tuesday afternoon the Demoulas Board of Directors, currently holding the cards in the Market Basket supermarket boycott drama, issued the following statement, according to a post by the Boston Globe:

 “As the Board has previously noted, it is currently engaged in a rigorous and active process to consider strategic alternatives for the Company, including its possible sale. Despite reports to the contrary, Arthur T. Demoulas is but one of several potential buyers for the Company who continue to express a strong interest in purchasing the Company. While Mr. Demoulas’ offer provides a path toward solving many of the problems he has helped to create, it is but one alternative among the options the Board is reviewing. The Board will continue to evaluate all of the alternatives and ultimately make its recommendation to shareholders. However, the Board has no authority or right to force shareholders to accept an offer as that decision rests solely with the Company’s shareholders.”

About Carol Robidoux 5210 Articles
Journalist and editor of ManchesterInkLink.com, a hyperlocal news and information site for Manchester, NH.
  • R. Scott White

    It’s so tough reading the story of Market Basket the past couple of weeks – it’s like watching a wonderful child obtain a debilitating disease and the parents refuse to use the obvious cure but prefer to see child deteriorate further because they feel the cure is the cause of the disease.