date:Aug 29, 2014
Arthur T. Demoulas, the ousted Market Basket chief executive officer who inspired an employee revolt to get him back, won his bid to buy the supermarket chain.
Demoulas and his sisters agreed to purchase the 50.5 per cent of Market Basket they dont own from family members who fired him, the company said late yesterday in a statement. Financial terms werent released. Demoulas bid about $1.5 billion for the stake, valuing the Tewksbury, Massachusetts-based chain at about $3 billion, according to