Market Basket Hannaford Aim To Reach Deal By End Of Week

NASHUA NH – There are signs of possible progress in the Market Basket standoff.

According to the Boston Globe, both sides in the Demoulas family feud are promising an all-out effort to strike a deal by the end of the week.

Sources told the paper company executives have agreed not to fire employees or close stores in the meantime.

The Globe is also reporting that another potential buyer for Market Basket, the parent company of Hannaford supermarkets, has spoken to Arthur T. Demoulas about managing the company if they acquire Market Basket.

An employee walkout and a customer boycott of the grocery chain are now in their fifth week.

Thousands of part-time workers have lost most, if not all, of their hours.

They’re demanding the return of Arthur T. Demoulas who was fired as CEO back in June.

The protests started July 18.

Report: Market Basket Aims To Reach Deal By End Of Week « CBS Boston

Governor's Hassan, Patrick Say MarketBasket Deal is Close

NASHUA- NEW HAMPSHIRE -  standoff between Arthur T. Demoulas and the Board of Directors led by Arthur S. Demoulas.

The Boston Globe reports:

“The parties have made real progress on the terms of the sale and operating control of the company, and the governors are encouraged that a resolution may be within reach,” Heather Nichols, a spokeswoman for Patrick, said in a statement.

The negotiations included the two feuding cousins at the center of the dispute, Arthur T. and Arthur S. Demoulas, as well as board chairman Keith Cowan, and Tina Albright, representing one of the shareholders, according to the statement. Neither Arthur S. nor Arthur T. offered a comment on the status of the negotiations.

 Click here to read the full Boston Globe story.