Arthur T's Bid to Buy Market Basket Only One on the Table

By Liz Taurasi

Despite Market Basket officials saying they had several bids to buy the chain crippled by employees walking off the job in a bid to bring back their former CEO, Arthur T. Demoulas’ offer is the only one on the table, the Boston Globe is reporting.

The supermarket chain’s Board of Directors met again Monday night, but made no announcement following that meeting.

The Globe is reporting negotiations to allow the ousted CEO and his shareholders to purchase the remaining 50.5 percent of the company are fluid as both sides of the family are negotiating to complete the sale.

Arthur T.’s offer to purchase the company was confirmed by the board last week

Eleven days after they started, Market Basket employees continue their fight to bring back Arthur T., continuing to stand their ground and not return to work until he’s back at the helm. Many are still demonstrating in front of their local stores in an attempt to get Arthur T. back.

According to the Globe report, Arthur T.’s bid to gain ownership of the company is the only one and is actively under consideration. The final decision will be up to the company’s shareholders to accept or reject his bid.

It’s been more than a week since Market Basket workers took action in their fight to reinstate Arthur T., putting their own jobs on the line. In the meantime, customers of the popular chain have been shopping elsewhere, bringing major losses to the Market Basket corporation, as well as customers in communities who depend on the chain for their groceries.

More of Patch’s Ongoing Market Basket Coverage:

Market Basket Board to Meet Monday Night

Market Basket Board Confirms Arthur T. Offer, Reaffirms Choices

Overnight Market Basket Workers Sue Company

LIVE UPDATES: Market Basket Employees Rally Friday, Board of Directors to Also Meet

Market Basket Workers Plan Largest Rally Yet for Friday

Arthur T. Demoulas Makes Offer to Buy Market Basket

Arthur T. Demoulas Issues Statement, Urges Fired Market Basket Employees Be Reinstated

If You’re Boycotting Market Basket, Where are You Shopping Now?

Are Politicians Overstepping in Support of Market Basket Boycott?

Elected Officials Statewide Pledge Support for Market Basket Boycott

Despite Firings, Market Basket Employees Continue Fight

LIVE UPDATES: Market Basket Employees Rally Again Monday

Market Basket Warehouse Supervisor Fired, 7 More Terminated

Stores Feel the Pinch, Legislators Chime in as Market Basket Employees Stand Together to Bring Back Ousted CEO Arthur T.

PHOTOS: Market Basket Employees, Customers Rally in Support of Arthur T.

Live Updates: Market Basket Employees, Vendors, Customers to Rally Today in Support of Arthur T.

Market Basket HQ Workers Won’t Show Up for Work Friday in Tewksbury, Plan Rally

Market Basket Deadline Passes, Employees Who Walk Out Will Be Replaced

As Market Basket Deadline Approaches for Artie T., ‘All is Quiet’ from Tewksbury HQ