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Houston-based Luby’s Inc. (NYSE: LUB) is making its first liquidating distribution to shareholders as it continues to wind down its business.
Shareholders of record as of Oct. 25 will receive a cash distribution of $2 per share on Nov. 1, the company…
Read MoreHouston-based restaurant company Luby’s Inc. (NYSE: LUB) has reached a deal to transfer more Fuddruckers locations to a franchisee.
The deal will make Black Titan Holdings LLC, an affiliate of food-service entrepreneur Nicholas M. Perkins, one of the …
Read MoreHouston-based Luby’s Inc. (NYSE: LUB) has hired commercial real estate firm JLL as it prepares to liquidate and dissolve the company.
JLL (NYSE: JLL) will assist Luby’s in marketing and selling its real estate holdings, according to a Nov. 10 press r…
Read MoreHouston-based restaurant company Luby’s Inc. (NYSE: LUB) will be liquidated and dissolved, the board of directors has decided.
Stockholders must still approve the plan, which they will vote on at a special meeting that has yet to be set, according to …
Read MoreThe Luby’s Inc. (NYSE: LUB) board of directors approved retention bonuses, as well as severance agreements, for some executive officers as the Houston-based restaurant group pursues a sale of its operating divisions and assets.
The retention bonuses …
Read MoreLuby’s Inc. (NYSE: LUB), which had been dealing with disappointing financial results even before the pandemic, reported a nearly $24.98 million net loss for the third quarter of its fiscal 2020 year.
That quarterly loss is more than the restaurant com…
Read MoreLuby’s Inc. (NYSE: LUB) has regained compliance with the New York Stock Exchange list standards months after being warned that it could be delisted, according to a recent press release.Â
The company was notified of its noncompliance back in April when…
Read MoreLuby’s Inc. (NYSE: LUB) will immediately pursue the sale of its operating divisions and assets, the Houston-based restaurant company announced June 3 in a press release.Â
The decision comes after a special committee of the board of directors conducted…
Read MoreHouston-based restaurant company Luby’s Inc. (NYSE: LUB) is at risk of being delisted from the New York Stock Exchange because its stock price is too low.
The company, which was working on turnaround efforts long before the Covid-19 coronavirus pande…
Read MoreHouston-based Luby’s Inc. (NYSE: LUB) is one of many restaurant companies that have had to make cuts amid the coronavirus pandemic.
The company announced March 24 that it has also furloughed more than half of its corporate general and administrative …
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