Business & Tech
Market Basket Owners to Get $250M
The vote follows a board meeting earlier this month over the future of the grocery store chain.
By Marc Fortier
The Market Basket board voted on Aug. 22, to distribute $250 million to the company's nine shareholders, according to the Boston Globe.
The Globe said the board was scheduled to meet at the Harvard Club in Boston but had to move its meeting to another location after Market Basket employees gathered outside.
The grocery store chain, which has two locations in Concord and many around New Hampshire, has been embroiled in a public battle over the future of the company. Employees rallied around CEO Arthur T. DeMoulas last month when it appeared he might be ousted by the board. That effort appeared to save his job, at least for now.
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