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The Boston Globe

Business

Market Basket board issues statement encouraging more ‘constructive proposals’

The Market Basket board through a spokesperson issued a statement Sunday night saying it encouraged shareholders like Arthur T. Demoulas “to continue providing constructive proposals.”

Earlier, Demoulas’s spokeswoman said the ousted leader would be willing to return to work as early as midnight as negotiations continue.

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Below is the board’s full statement:

“Demoulas Market Basket is considering strategic alternatives directly with parties in private conversations. We encourage the B shareholders, including Arthur T. Demoulas, to continue providing constructive proposals. Following the Board’s evaluation of all of offers [sic], it will convey its recommendations to the Company’s shareholders who have the final decision as to which strategic alternative, if any, to accept. The Board fully supports the current management team in their efforts to ensure that Market Basket’s normal business operations resume immediately for the benefit of its customers, associates, vendors and communities.”

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