Quote:
Originally Posted by TheProfessor
"A supermarket company has emerged as a serious bidder for the Market Basket chain, complicating Arthur T. Demoulas’s effort to buy out rival family members and take complete control of the grocery empire, according to people briefed on the negotiations.
The Belgium-based parent of Hannaford Bros. Co. is offering to buy part or all of Market Basket, which competes with it in markets throughout New England, said these people, who were not authorized to speak publicly on the matter. A spokesman for Hannaford could not be reached for comment Thursday."
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WoW, You mean the Delhaize co? why would a company who owns 1100 stores on the eastern seaboard be interested in a **** little chain like this that is having so much trouble. It would seem that they would want to sit back and just enjoy the extra business while they have it, and leave this for someone else. Or, they have no intention to buy in, they just want to cause more confusion and give the BOD more **** to haggle over. I read that there is actually as many as ten offers on the table right now. So the BOD is fighting over who will run the company after all. Looks like the honeymoon might be starting and ending at the same time! If you didn't see this one coming you were too wrapped up in all the drama. They need to cut a deal soon before the value goes any lower. The buzzards aren't circling anymore, now they are fighting over it!