Gov. Patrick optimistic about Market Basket sale to Arthur T. - 7News Boston WHDH-TV

Gov. Patrick optimistic about Market Basket sale to Arthur T.

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TEWKSBURY, Mass. (WHDH) - In a joint statement, Mass. Governor Deval Patrick and N.H. Governor Maggie Hassan said they have been speaking with both sides of the Market Basket dispute and were optimistic the long-running dispute would be resolved with an agreement to sell it to the ousted CEO.

"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," the statement said.

A spokesperson for Arthur T. Demoulas saying they hope a deal is completed this weekend.

"Having submitted his final bid on Thursday and heard the statement of the Governors this evening, Arthur T. Demoulas expects that this purchase can and should be finalized immediately.  The bid remains at full price and its terms are extremely favorable to the sellers. There is nothing that stands in the way of getting this done this weekend.  It's time to complete this deal so we can all get back to doing what we love doing, and that is running Market Basket."

Sources tell 7News the Demoulas Board of Directors will be meeting Saturday morning in Boston. Stay with 7News for the latest information on this story.
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