Market Basket nears deal: Artie T will sign papers over the weekend

[graywarrior]

Last edited Fri Aug 22, 2014, 07:54 PM - Edit history (1)

Looks like the workers and customers won this one.

Meanwhile, where did Artie T spend his evening last night and this morning? At the wake and funeral of a worker's family member.

From New England Cable News:

“In briefings today, all parties report that they are optimistic that an agreement will be reached to sell the company to Arthur T. Demoulas and to restore him to operating authority on an interim basis until the sale closes. Subject to reducing their agreement in principle to writing by Sunday, the Board will forestall taking adverse employment action against the employees who have abandoned their jobs. We are hopeful that employees will return to work, and the stores will reopen, early next week.”

http://www.necn.com/news/new-england/Report-Arthur-T-Demoulas-Submits-Final-Market-Basket-Bid-272338491.html

UPDATE: Fox 25 Boston in tonight's newscast said that a agreement is in place to sell to Artie T and re-instate him as CEO until the sale goes through. Stores are expected to be open in 96 hours.

w00t!

Artic made a statement now that he wants this settled immediately.

[graywarrior]

1. Kick

[canoeist52]

2. We're all hopeful, but waiting to hear and see the deal done officially.

[graywarrior]

4. Waiting to hear it from Artie himself

[URL=.html][IMG][/IMG][/URL]

[sheshe2]

3. I so hope this goes through!

Thanks for all the updates Gray.

[graywarrior]

5. Another update

See original post

[TheCowsCameHome]

6. YEEEEEEEEEEEESSSSSSSSSSS!!!!!!!

Let's hope this is the end of this saga.

[graywarrior]

7. The workers and customers took down a corporation and will now rebuild it back up again

[TheCowsCameHome]

26. ...and as always, a TEAM.

[graywarrior]

27. Without a union

[jeff47]

38. Well, a good chunk of management supported the workers/the team

Another chunk did not.

Unions are far more critical when all of management wishes to annihilate the workers.

[graywarrior]

39. unions stood in support which was greatly appreciated

[ljm2002]

8. Now that is some good news...

...and I don't even live anywhere the Market Basket stores. Still: what an unusual alliance, and kudos to all who stuck together and won!! w00t!!

[brer cat]

9. Wow!

I am no where near Market Basket's stores, but I am so happy for you guys! This is a shot in the arm for everyone who thinks the "little people" can't win. Hope it works out as planned.

[mysuzuki2]

10. I hope the company is able to come back.

[graywarrior]

11. The workers and customers are ready to work their asses off to make sure it comes back full force

Other stores in the area are aiming to compete by lowering prices which is good for the consumer. But they're missing one important thing....Artie T

[Demeter]

12. Keeping fingers crossed until the all-clear sounds

Who would have thought it possible? May this be the first of many a step forward for the People!

[tea and oranges]

13. K&R At last!

Thank you graywarrior. It's terrific to see you posting an exciting turn of events. It's been a long time, but no one gave up except the assholes!

[graywarrior]

14. kick for update in op

[valerief]

15. That's wonderful news!!!! Long live Market Basket! nt

[Paper Roses]

16. Finally! I supported the workers but it sure hit the old wallet.

I need to shop and have forced myself to eat a lot of stuff I have had in the freezer. Can't afford the other store options.
I hope the restocking goes quickly and prices to not rise to compensate for lost money. I also have a concern that there will be price changes made by Arthur T to pay for the buy-out. I do hope this transition goes well for all concerned.

It has been interesting to see this long and peaceful workers strike. The workers did a stand-up job, now it is time to win back customers.

edited for typo

[cantbeserious]

17. Very Good News

eom

[senseandsensibility]

18. Very good news!

I have to admit I am surprised.

[Downwinder]

19. Lets see if any schools adjust their MBA programs.

[graywarrior]

21. I heard someone on TV from Harvard talking about it

[Downwinder]

36. They could hire Artie T to give lectures on Employee and Customer Relations.

[valerief]

22. Hell, no. I'm worried Arthur T. is going to have a problem in a small plane. nt

[sunnystarr]

20. WOOT!! Wonderful news. Doin a happy dance :) (nt)

[Cha]

23. "Meanwhile, where did Artie T spend his evening last night and this morning? At the wake and funeral

of a worker's family member". That's the kind of guy he is and what led us to now...

"UPDATE: Fox 25 Boston in tonight's newscast said that a agreement is in place to sell to Artie T and re-instate him as CEO until the sale goes through. Stores are expected to be open in 96 hours."

WOW, graywarrior.. everyone must be so happy and relieved! Work Food Money!

[graywarrior]

24. his and his wife's response to why they were there

Where else would we be. We're family.

[Cha]

30. And, family's stick together through thick and

thin.

[joanbarnes]

25. Welcome awesome news after a trying week!

[Eleanors38]

28. Hard-hitting persistence! How it's done!

[Eleanors38]

29. And thanks, too, to Ohama Steve for keeping us posted!

[Blue_Adept]

31. So close I can almost taste it.

After doing my weekly shopping elsewhere again this week, spending more and getting less, I can't wait to get back.

[MannyGoldstein]

32. Lexington, Concord, Tewksbury

Massachusetts' 99% kick ass again.

Bravo!

[Blue_Adept]

33. Definitely!

Seeing the customers and vendors stick it out like that has been a sight to behold. I'm glad it didn't get a full on constant national barrage as I think that would have made things more untenable, but it's going to have a larger impact as time goes on and other companies realize that the employees and customers do have the real power. MA leads the way again.

[freshwest]

34. GREAT! Kick and Recommend the solidarity of all there! Thanks for this good news!

[Enthusiast]

35. The good guys win one? How can that be!?

K&R!

Thank you, graywarrior!

[graywarrior]

37. I went around to three of the stores in my area to talk to the workers

They're all cautiously holding their breath, however, lots of part timers are being called in for tomorrow. Artie has been around thanking people at the Chelmsford store and told people to hang in just a little bit longer. A few more customers are shopping, but most are still staying away waiting for the final word.

It's been amazing to watch this all unfold from here. I've never see such solidarity in my life for anything--liberals, conservatives, the politically ignorant, crazy people, sane people, a mix of cultures, old people, high school kids, little kids, bosses & baggers. It's been so inspiring I could cry.

[Downwinder]

40. Guest post, David Gray Eliot, ME Letter to the Editor Seacoast Online

http://wearemarketbasket.com/

Very good read.

[graywarrior]

41. It's awesome! I saw it earlier on the Save Artie fb page.