No deal yet in Market Basket feud

Market Basket employees Rees Gemmell, far right, and colleagues acknowledge passing supporters as they picket in front of the supermarket Thursday, July 24, 2014, in Haverhill, Mass.  A decades-long family feud, which brought about the ouster of Arthur T. Demoulas as CEO of the privately held company, led to a worker revolt, customer boycotts and empty shelves in the grocery chain's stores in Maine, Massachusetts and New Hampshire. More than 100 Massachusetts legislators and mayors, Massachusetts Attorney General Martha Coakley, and New Hampshire Gov. Maggie Hassan have publicly supported the employees. (AP Photo)
Market Basket employees Rees Gemmell, far right, and colleagues acknowledge passing supporters as they picket in front of the supermarket Thursday, July 24, 2014, in Haverhill, Mass. A decades-long family feud, which brought about the ouster of Arthur T. Demoulas as CEO of the privately held company, led to a worker revolt, customer boycotts and empty shelves in the grocery chain's stores in Maine, Massachusetts and New Hampshire. More than 100 Massachusetts legislators and mayors, Massachusetts Attorney General Martha Coakley, and New Hampshire Gov. Maggie Hassan have publicly supported the employees. (AP Photo)

TEWKSBURY, Mass. (AP) — The family feud that has brought the Market Basket supermarket chain to its knees may be nearing its end.

Ousted CEO Arthur T. Demoulas has reportedly made a $1.5 billion offer to buy out the part of the company controlled by his rival cousin, Arthur S. Demoulas, and his allies on the board.

The board was scheduled to meet Sunday but the meeting was called off due to disagreements over some terms of the sale.

Arthur T. Demoulas’ ouster earlier this summer prompted an employee walkout and customer boycott that has led to empty shelves and a mere trickle of business at the private company’s 71 stores in Massachusetts, New Hampshire and Maine.

Store managers and employees expressed confidence over the weekend that a deal was imminent.

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