Proxy adviser sides with Ramius in Luby’s fight

HOUSTON In the midst of a proxy battle over board seats at Luby’s Inc., independent proxy adviser Proxy Governance on Wednesday said shareholders of the cafeteria operator should vote to elect three of the four nominees on the dissident slate championed by shareholder Ramius Capital LLC.

Proxy Governance said the refusal by Luby’s current board “to effect the shareholders’ will while providing only the same generic argument for continuity is, to us, evidence of

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