Demoulas board won't reinstate CEO

The board of directors of Demoulas Super Markets on Friday confirmed it was in receipt of an offer to buy the company from deposed president Arthur T. Demoulas but failed to act to reinstate him in an executive position, calling for “normal business operations to resume immediately.”

The board met Friday in Boston while a rally took place near the company’s Tewksbury, Mass., headquarters. Workers demanding the re