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Old 08-28-2014, 06:15 AM   #326
Rusty
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So Arthur T goes back to work as the man in charge and he doesn't own MB.

Just because the board OK's Arthur T's bid for the company does not mean that it is a done deal. Sorry folks but I'm not falling for this at all.

The CEO and Board of Directors have only OK'd Arthur T to get the people back to work so they can start making money again.

The below statement is the only thing that has changed:

“Effective immediately, Arthur T. Demoulas is returning to Market Basket with day-to-day operational authority of the company,” Market Basket said in a statement Wednesday night. “He and his management team will return to Market Basket during the interim period while the transaction to purchase the Company is completed. The current Co-CEO’s will remain in place pending the closing, which is expected to occur in the next several months.”
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