Everyone's waiting to learn about possible Market Basket deal
The parking lot at the Market Basket off Interstate 93 in Hooksett was nearly empty at 3 p.m. Saturday. (Tim Buckland/Union Leader)
Over the past several days, there have been reports and statements from different quarters that a sales agreement that would end the five-week standoff between Market Basket workers and the chain's new management was hammered out.
"All I've seen are rumors that are on Facebook," she said.
Demoulas, who was removed by feuding family members who disagreed with his management of the privately-owned company, reportedly has offered $1.5 billion to buy the company from a board that includes his cousin and rival, Arthur S. Demoulas, who led the effort to fire Arthur T. Demoulas.
According to a report in the Boston Globe, Arthur T.'s offer was bolstered by a $500 million loan from a private equity firm, which eliminated the need for seller financing provided by Arthur S. and his side of the family.
Arthur T. released a statement Friday night saying the terms of the agreement are "extremely favorable to the sellers," and nothing is standing in the way of reaching a resolution this weekend. As part of the deal, Arthur T. would step back into his role as CEO of Market Basket on an interim basis, until the sale closes.
"Everyone is feeling optimistic, but we still want that final word from the boss," said Sturzo. "Everyone wants to go back to work so bad."Part-time workers have been out of hours and paychecks for weeks as customers in the chain's normally crowded 71 stores dwindled to a handful of shoppers, he said."We miss our customers," said Sturzo. "We let our competition borrow them for a while, but now we want them back."
The Hooksett Market Basket was nearly devoid of customers at 3 p.m. Saturday - a time when an employee should be "running around with my head cut off and trying to fill as many holes as I can," grocery clerk Travis Spear said.
Angela Leach said they were also turned off to the idea of boycotting after seeing protesting Market Basket employees enter stores to buy groceries. "They're asking us to boycott, but then going in and buying things," she said.Indeed, on Saturday, two protesting employees at the Hooksett Market Basket were seen buying two 12-packs of orange soda, a bag of ice and a case of water after passing a sign in front of a register asking people to "Boycott Market Basket."
- How much more would prices have to rise before you'd consume less?
- I've already cut back
- More than 100%
- Total Votes: 63
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