Market Basket Decision May Not Come Today

By Liz Taurasi

Market Basket officials may not have a decision on the supermarket chain’s fate today as originally thought.

Following last weekend’s negotiations, which included input from Massachusetts Governor Deval Patrick and NH Governor Maggie Hassan, feuding family members said they would work toward having a resolution by week’s end.

The Boston Herald is reporting talks may continue into the weekend and that both sides are still maintaining they are close to a decision.

Sources told the Herald both parties are still working to meet today’s self-imposed 5 p.m. deadline - which was agreed to after last weekend’s meeting with both governors - but talks could continue into the weekend.

Another source told the Boston Globe Arthur T. is expected to make his final bid for the company today. The Globe is also reporting Market Basket’s board of directors is scheduled to meet Saturday to review final bids and discuss the current condition of the company.

Market Basket employees are coming to the end of their fifth week showing their support for ousted CEO Arthur T. Demoulas. Demoulas was ousted in June when a majority of the company’s board shifted in support of Arthur T.’s cousin and rival, Arthur S. Demoulas.

Arthur T. and his shareholders are in negotiations to buy the chain and have made an offer to purchase the other 50.5 percent share of the company. In a statement released last week, a spokesman for Arthur T. Demoulas said, “thus far, his offers have been rejected, not on the basis of price, but with counterproposals that have been laden with onerous terms that are far beyond comparable transactions.”

Neither side has made any public statement on the negotiations this week.

More of Patch’s Ongoing Market Basket Coverage:

• Could Market Basket Decision Come by Week’s End?
• Market Basket CEOs Tell Employees Return to Work or Be Replaced
• Market Basket Workers Reject Orders to Take Down Boycott Signs
• Arthur T.’s Bid to Buy Market Basket Only One on the Table
• 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
• 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

(Photo: Market Basket customers rally in Tewksbury on Aug. 16. Photo Credit: Christa Lamb of North Andover)