Victory for beloved boss as he buys Market Basket grocery chain from corporation

Arthur T. Demoulas

Reports: Daily Mail

A beloved grocery chain CEO who was ousted from the company by his cousin – causing a six week standoff between management and thousands of workers – has struck a deal to return to the helm.

Arthur T. Demoulas has reportedly made a $1.5 billion offer to buy out the part of the New England-based chain Market Basket controlled by his cousin, Arthur S. Demoulas.

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