Patrick, Hassan, Coakley React to Market Basket Deal

Employees cheer as they wait for Arthur T. Demoulas to arrive outside of Market Basket Headquarters in Tewksbury.
Employees cheer as they wait for Arthur T. Demoulas to arrive outside of Market Basket Headquarters in Tewksbury. –Jessica Rinaldi/Globe Staff

After the long, regional supermarket saga of Market Basket reached its conclusion Wednesday night, the statements began to roll in. Here’s a list of who said what Wednesday night and Thursday morning.

Statement released on behalf of Arthur T. Demoulas and Market Basket:

Market Basket and its shareholders are pleased to announce today that the Market Basket shareholders have entered into a binding agreement pursuant to which the Class B shareholders will acquire the 50.5% ownership interest of Market Basket currently owned by the Class A shareholders.

Effective immediately, Arthur T. Demoulas is returning to Market Basket with day-to-day operational authority of the company. He and his management team will return to Market Basket during the interim period while the transaction to purchase the Company is completed. The current Co-CEO’s will remain in place pending the closing, which is expected to occur in the next several months.

All Associates are welcome back to work with the former management team to restore the Company back to normal operations.

The shareholders and the Company would like to thank Market Basket customers and partners for their strong support through the years. Our shared goal is to return Market Basket to the supermarket that its customers have come to rely on for service, quality and best prices. We look forward to seeing you at your local Market Basket.

Statement released by Massachusetts and New Hampshire governors Deval Patrick and Maggie Hassan:

Market Basket is a major employer in Massachusetts and New Hampshire, and an important local resource for the communities the company serves. We are delighted that the parties have reached agreement on terms of sale and resolution of operating authority, so that employees can return to work and customers will once again be able to rely on these stores to meet their needs.

Statement released by Market Basket board of directors chairman Keith Cowan:

Governor Patrick and Governor Hassan worked tirelessly and creatively to help shareholders find solutions that brought them together to reach agreement. The entire Board appreciates their time and level of attention. The Commonwealth of Massachusetts and the State of New Hampshire should understand that the Governors’ commitment and engagement made a significant difference. The beneficiaries of their efforts are the 25,000 associates of Market Basket, its two million customers and all of the communities it serves.

Statement released by Massachusetts Attorney General and candidate for Governor Martha Coakley:

This is a victory for the employees and the communities that Market Basket serves. The willingness of the workers to stand together and put their jobs on the line has been truly inspiring, and today their voices have been heard. Now, the work starts anew to return Market Basket to the vibrant local company and community partner that it has always been, and will be again.

Statement released by UMass Lowell Chancellor and former member of the U.S. House of Representatives Marty Meehan:

Market Basket is back in the hands of the man who made it a national example of excellence in business management, customer service and employee loyalty. Arthur T. Demoulas not only grew a profitable company while offering the lowest prices in the market, he also created a unique culture in the retail industry through which customers and employees alike feel that they are part of a family.

Over the course of this crisis, we have seen the local economy take a hit as workers have lost wages, consumers have struggled to meet their grocery needs and many businesses beyond Market Basket have lost sales. Having this important locally based business back on track under the leadership of Arthur T. Demoulas is a huge win not just for the Merrimack Valley, but all of New England.

Arthur T. Demoulas himself addressed workers and protesters Thursday morning.


And, of course, social media was abuzz following the news.

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