Ousted Market Basket CEO Buys Company
The ousted CEO of the Market Basket supermarket chain is back after winning his bid to buy the company.
Arthur T. Demoulas and his siblings agreed to buy the 50 and-a-half percent of the company they didn’t own from their cousins, who fired the man workers call Artie-T.
His firing earlier this year led to widespread strikes by employees and boycotts by customers of the 71 Market Basket stores in Massachusetts, New Hampshire and Maine.
The deal is worth about one-point-five-billion dollars.