Market Basket board considering several buyout offers including one from Arthur T. Demoulas
SEAFOODNEWS.COM [Supermarket News] By Jon Springer - July 28, 2014 -
The board of directors of Demoulas Super Markets on Friday was fielding several offers to buy the company.
The chain has engaged J.P. Morgan to help it evaluate strategic alternatives according to the report, which was based on anonymous sources. The report said bids from “supermarket rivals and other investors” valued the 71-store chain between $2.8 billion and $3.3 billion.
Those bids evidently were made before this week’s offer from shareholder and former president Arthur T. Demoulas to buy the shares he doesn’t already own...
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