PURSUE SALE OF ITS OPERATIONS AND ASSETS AND DISTRIBUTE NET PROCEEDS TO STOCKHOLDERS
(NYSE: LUB) today announced it will immediately pursue the
sale of its operating divisions and assets, including its real estate assets, and distribute the net proceeds to
stockholders after payment of debt and other obligations. During the sale process, certain of the Company’s
restaurants will remain open to continue serving our guests.
After a careful and thorough review of the Company’s operations (including the impact of COVID-19) and the
Company’s strategic options, the Board concluded a monetization process will likely unlock more value more
quickly and with greater certainty for the benefit of all Luby’s stockholders than the other alternatives considered
by the Special Committee.
www.lubysinc.com/inv...e-6-3-2020-Final.pdf
(NYSE: LUB) today announced it will immediately pursue the
sale of its operating divisions and assets, including its real estate assets, and distribute the net proceeds to
stockholders after payment of debt and other obligations. During the sale process, certain of the Company’s
restaurants will remain open to continue serving our guests.
After a careful and thorough review of the Company’s operations (including the impact of COVID-19) and the
Company’s strategic options, the Board concluded a monetization process will likely unlock more value more
quickly and with greater certainty for the benefit of all Luby’s stockholders than the other alternatives considered
by the Special Committee.
www.lubysinc.com/inv...e-6-3-2020-Final.pdf