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.

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