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 ...
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 the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!