Help Save Market Basket!!!

[RailroadJoe]

With a worth of about $2 Billion I don't think he worries too much as to what happens.

[ITD]

Originally Posted by RailroadJoe

With a worth of about $2 Billion I don't think he worries too much as to what happens.

I think that worth has taken a serious hit in the last month. It seems that ASD is always looking for cash so I'm guessing his burn rate is huge. This is killing the goose that lays the golden egg, I don't see this coming back anywhere close to what it was if ATD doesn't come back and I think ASD's lavish spending will take a huge hit.

[HellRaZoR004]

Report: Board Approves Market Basket Sale to Arthur T. Demoulas
The Boston Globe says the selling price is more than $1.5 billion

http://www.necn.com/news/new-england...272969871.html

If this is true I am staying far away...as it's going to be an all out nut house.

[KPW]

Originally Posted by HellRaZoR004

Report: Board Approves Market Basket Sale to Arthur T. Demoulas
The Boston Globe says the selling price is more than $1.5 billion

http://www.necn.com/news/new-england...272969871.html

If this is true I am staying far away...as it's going to be an all out nut house.

Not for long. They fought and they won! (imho)

[Slickcraft]

WMUR web site:

TEWKSBURY, Mass. —The Market Basket board of directors approved the sale of the grocery chain to Arthur T. Demoulas at a meeting Wednesday night.

Demoulas reportedly offered $1.5 billion to buy out the company controlled by his rival cousin, Arthur S. Demoulas, and his allies on the board.

The deal was signed late Wednesday, according to a source close to negotiations. As part of the deal, Artie T would immediately take over operational control of the company along with several managers who were fired. Two CEO's brought in to run the company over the last several weeks will remain in place until the deal is formally closed.

Stores have been empty, sales are down 95 percent and the grocery chain has been losing money.