Cafeteria operator tops earlier bid by Tavistock
Luby’s Inc. said Friday it is buying Fuddruckers Inc. and parent Magic Brands LLC for $61 million in cash, besting an earlier $40 million bankruptcy court bid by Tavistock Restaurant Group. Houston-based Luby’s was declared the successful bidder for 60 Fuddruckers gourmet-burger units and three Koo Koo Roo locations in a Chapter 11 bankruptcy auction Thursday. A Luby’s spokesman Friday said the company would not comment further until a final approval at a hearing Tuesday in ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?