Progress seen on Market Basket Arthur T. Demoulas offers $1.5 billion for Market Basket [View all]

[graywarrior]

(snip)

“It’s time to complete this deal so we can all go back to doing what we love doing, and that’s running Market Basket,” Arthur T. Demoulas told the Globe on Friday. He added later in a statement that “there is nothing that stands in the way of getting this done this weekend.”



http://www.bostonglobe.com/business/2014/08/22/demoulas/MwC4vzWVHhW73nva23dvHO/story.html


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For those concerned that our company would be beholden to ASD or that a deal was signed with the devil, here is ATD's statement.

"Arthur T.’s offer, outlined for the Globe by his advisers on Friday, removed a key stumbling block by providing a letter from a private equity firm prepared to lend more than $500 million to help buy the remaining half of the company. The identity of the firm was not disclosed.
That money would replace seller financing that previously would have been provided by Arthur S. and other opposing relatives to help make the deal work. The rest of the $1.5 billion would come from a cash payment by Arthur T. and his sisters, as well as a mortgage loan secured by the supermarket company’s real estate, his advisers said."