NightSide – Kevin Griffin Discusses Market Basket
BOSTON (CBS) – Arthur T. Demoulas, the recently-ousted CEO of the Market Basket supermarket chain, made an offer to purchase the controlling shares of the company. Though the offer has not been publicized, Arthur T. says it is a fair market offer based on the company’s value. Kevin Griffin, President of the Griffin Report, has estimated the supermarket chain is worth somewhere between three and three-and-a-half billion dollars. Griffin joins NightSide to talk about how this value was determined, and how that estimate plays into Arthur T.’s offer to purchase the shares from family members on the other side of the feud.
Originally broadcast July 24th, 2014.