Sold! Artie T. buy-out of Market Basket complete
Sale of Market Basket to Artie T. Demoulas was completed in a $1.6 billion deal Dec. 12.
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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