Effective immediately, Arthur T. Demoulas is returning to Market Basket with day-to-day operational authority of the company.
The Market Basket board of directors met briefly Wednesday afternoon and may meet again Wednesday night on whether to sell to ousted CEO Arthur T. Demoulas.
An employee accuses the supermarket chain of threatening to fire protesting workers, lacking safety, and having a hostile work environment.
The family feud that has brought the Market Basket supermarket chain to its knees may be nearing its end.
There is no word on when or if an agreement to sell Market Basket will be reached.
The employee revolt at the supermarket chain coincides with what farmers say has been a great growing season but some who rely on big Market Basket orders are not reaping the benefits as well as others.
The two governors said in a joint statement Friday they are optimistic a deal will be reached to sell the company to fired CEO Arthur T. Demoulas and restore him on an interim basis.
Arthur T. Demoulas, the former Market Basket CEO at the center of the employee revolt, is expected to submit his final bid to buy the supermarket chain Friday, according to a published report.
Gov. Deval Patrick said he will likely speak to Arthur T. Demoulas and Arthur S. Demoulas Wednesday as negotiations in the Market Basket saga reach a “critical point.”
There are signs of possible progress in the Market Basket standoff.