On Saturday morning I posted what I thought would be my last comments regarding the effort to Market Basket. It is unclear to me as to why the deal has not been accepted. Artie T has arranged for a loan of $500 million and his side of the family is coming up with the rest of the cash-at least that is what we are hearing from the T side of the family. During todays program we will examine the cost of the $500 million, the tax ramifications for Artie S, and most importantly we will ask this question. Would these two nitwits have been better off just sticking together and allowing Artie T to continue operating the company. Maybe its just me, but this deal makes it sounds like everybody loses. Artie S will have to pay needless tax. Artie T is selling his soul to the Private equity firms, and the customer, if they come back, will have to pay higher prices. Not to mention the poor employees who have been used as pawns in this ridiculous family feud. We will keep you up to date on any developments during our program this morning.
Posted on: Mon, 25 Aug 2014 11:40:49 +0000
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