HOUSTON The largest independent shareholder of Luby's Inc. has asked management to explore a sale of the company or other strategic maneuvers to boost the value of the cafeteria operator's stock. New York-based Ramius Capital Group LLC, which holds a 6.5-percent stake in Luby's through a subsidiary, specifically cited the possibility of a sales-leaseback of Luby's real estate, with the proceeds to be used for buying back stock and paying shareholders a special dividend. All 127 of ...
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Contact: Desiree Torres Desiree.Torres@penton.com