Demoulas completes Market Basket deal

Demoulas completes Market Basket deal

Arthur T. Demoulas on Friday completed the purchase of the Market Basket chain.

Demoulas and his relatives acquired the 50.5% of the shares they did not own in the company from another side of the family led by his cousin, Arthur S. Demoulas. The Demoulases are grandsons and namesakes of the company's founder who fell into protracted tensions over ownership of the company following the death of Arthur S.'s father

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