Market Basket: Analysts point to debt
The Herald reported this week that a key factor that has emerged in sales talks between Arthur T. and his rival cousin — majority shareholder Arthur S. Demoulas, who controls a 50.5 percent stake worth an estimated $1.5 billion — is how much the former CEO will pay up front, and how much his unknown backers would put up.
Yet the 71-store chain has been hemorrhaging millions a day since managers and workers walked out in protest of Arthur T.’s ouster more than a month ago, and now several of its vendors have stopped doing business with the company.
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