Arthur T. Demoulas has “offered to move immediately to return to work” as he continues to pursue his bid to buy the shares of Market Basket, owned by cousin Arthur S. Demoulas and his side of the feuding family, according to a spokeswoman.
Spokeswoman Justine Griffin issued a statement Sunday on behalf of the chain’s ousted president, in which she also said he “offered to do so starting as soon as midnight.”
Below is the statement issued by Griffin:
“Arthur T. Demoulas and his side of the family have been working around the clock to pursue their offer to buy the 50.5% of shares in DSM they do not own for a full and fair price. As part of his proposal, Arthur T. has also offered to move immediately to return to work in advance of the completion of the stock purchase and work to bring back his full team to stabilize and begin to restore the business. He offered to do so starting as soon as midnight tonight. These steps are critical at this point and are in the best interests of Associates, customers, vendors and shareholders. Time is of the essence. Arthur T. is hopeful but resolution depends on the response of the other shareholders in order for an agreement to be reached.”