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Deval Patrick
Market Basket's ousted CEO to buy out rivals and return

A beloved chief executive ousted from a New England supermarket chain will return to the company after a massive outpouring of support that included worker strikes and a shopper boycott. Arthur T. Demoulas will take control of Market Basket after an agreement was reached at $1.5 billion for the 50.5% of the company owned by rival shareholders, including his cousin, Arthur S. Demoulas, according to a statement from the company. “Effective immediately, Arthur T. Demoulas is returning to Market Basket with day-to-day operational authority of the company,” the statement said. The deal was reached Wednesday night.  Demoulas and his team will run the...

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