12:03 AM EDT Aug 23, 2014
MANCHESTER, N.H. —A deal may be close to end a weeks-long dispute at Market Basket and restore the former CEO.
In a joint statement from New Hampshire Gov. Maggie Hassan and Massachusetts Gov. Deval Patrick, the governors said they believe a deal will be reached.
"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," the statement said.
"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 was issued late Friday, after a source close to the Market Basket negotiations said a board meeting scheduled for Saturday was pushed back to Sunday and possibly Monday.
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