Market Basket board calls off crucial Sunday evening meeting
SEAFOODNEWS.COM [Boston Globe] - Augsut 24, 2014 -
The Market Basket board of directors has called off a board meeting planned for Sunday night, as rival factions of the Demoulas family struggle to finalize a deal to give control of the company to ousted president Arthur T. Demoulas.
The parties are still negotiating multiple terms of Demoulas’s $1.5 billion offer to buy the 50.5 percent of the company owned by Arthur S. Demoulas and other family members. Prospects for a deal remain uncertain, though both sides have expressed optimism in recent days.
Earlier Sunday, the board made plans to meet at 10 p.m. Then came word that the meeting was put off. No explanation was given...
To Read Full Story Login Below.