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Bandera Partners Issues Letter to Luby’s Stockholders

globalbankingandfinance.com

Bandera Partners LLC, a significant stockholder of Lubys Inc. (NYSE: LUB) issued the following letter to Lubys stockholders. January 18, 2019 Dear Fellow Lubys Stockholders, Just over 10 years ago, when Lubys was engaged in a tight proxy contest with an activist investor, the incumbent board instituted some long overdue governance changes to swing votes back in their favor. Lubys incumbent board narrowly won that contest, and the stock has since fallen over 80% under its watch...

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