Former Market Basket president offers to buy majority share

07/24/2014 | Boston Globe (tiered subscription model), The

Former Market Basket President Arthur T. Demoulas said Wednesday he will make an offer to buy out his family's 50.5% share of the company in an effort to regain control of the business after his termination by opposing family members last month. The 71-store chain has struggled to stock shelves recently, as some employees have stopped work to call for Demoulas' reinstatement.

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