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“A Predetermined Assault”
The battle for Market Basket started, simply enough, with a change of heart for a single minority shareholder. That shareholder was Rafaela Evans, the widow of Arthur S.’s brother Evan Demoulas. Though by 2013, she lived in Europe and had only distant ties to the Demoulas family, it was her decision that led to a domino effect that changed Market Basket forever.
Only nine individuals owned shares of the company—all descendants, or in-laws of descendants, of two brothers: George and Telemachus Demoulas. When Evan Demoulas, one of George’s sons, died in a car accident in 1993, his widow and his daughter inherited his ...
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