Deals
Arthur T. Demoulas Said to Bid $1.5 Billion for Market Basket
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Arthur T. Demoulas, ousted in a family feud as head of Market Basket, offered to buy full ownership of the U.S. supermarket chain for about $1.5 billion, according to a person familiar with the matter.
An announcement of the deal may come tomorrow or the day after, said the person, who asked not to be identified because he’s not authorized to speak publicly about the negotiations. The offer values Tewksbury, Massachusetts-based Market Basket at about $3 billion.