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Market Basket board faces range of options

  • The Market Basket supermarket chain is entertaining a range of options for selling the company to Arthur T. Demoulas or other suitors who have recently offered to pay between $2.8 billion and $3.3 billion for the company. Negotiations continue to focus on Arthur T. Demoulas’s offer, but here is a breakdown of the full range of possibilities facing the nine Demoulas family shareholders, who will decide its fate in coming days:

  • More: The state of Market Basket | Meet the board | The shareholders | Full coverage

Option 1: Sale to Arthur T.

  • Arthur S. Demoulas and members of his side of the family sell their 50.5 percent interest in the company to Arthur T. Demoulas and his side of the family, which takes 100 percent ownership and reinstates Arthur T. as president.

Option 2: Sale to an outside buyer

  • An outside entity purchases the company, which would require that all shareholders agree to sell their shares and relinquish management control of the company.

Option 3: Arthur S. unloads controlling interest

  • Arthur S. and his side of the family, which has shown interest in selling for years, unloads their controlling interest to an outside party that then must work with Arthur T., whose side of the family would still own 49.5 percent of the shares.

Option 4: Arthur S.’s sister-in-law sells shares to Arthur T.

  • Arthur T. convinces Rafaela Evans, Arthur S.’s sister-in-law, to sell her family’s shares to him, giving Arthur T. a controlling interest in the company. He could change the composition of the board and return as president.

Option 5: Sale falls through, workers return or are replaced

  • The sale falls through, and protesting employees either give up or are replaced, and the warring Demoulas family faces an uncertain battle to restock shelves and convince customers to return.

Option 6: Sale falls through, workers continue protests

  • The sale falls through, and employees and customers continue their protests, draining the company of millions of dollars a day until it ultimately collapses.

Casey Ross can be reached at
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