Luby’s shareholder Ramius demands independent board

HOUSTON — Luby’s Inc., operator of 128 namesake cafeterias, is under fire again from its largest independent shareholder, the 7.1-percent stakeholder Ramius Capital Group LLC, which wants Luby’s to form a more independent board and to seek strategic alternatives for the company, including a possible sale.

After publicly questioning Luby’s corporate oversight in July, Ramius Capital nominated this month four candidates for Luby’

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