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Arthur T. Demoulas Market Basket

$1.6 billion deal closed

12 Dec, 2014

Demoulas comarthurtdemouals_biz01pletes a $1.6 billion deal to buy out his rival cousin and take control of the Market Basket grocery chain, bringing an end to the battle that began in June. Under the deal, he acquires 50.5 percent of the family company and takes back the CEO title.

I remain in awe of what unfolded this summer and want to extend my deepest thanks to our customers, associates, vendors, and the communities we serve for their incredible support. Without them, this would not have been possible.