Luby's to buy Fuddruckers for $61 million

Luby's to buy Fuddruckers for $61 million

Cafeteria operator tops earlier bid by Tavistock

Luby’s Inc. said Friday it is buying Fuddruckers Inc. and parent Magic Brands LLC for $61 million in cash, besting an earlier $40 million bankruptcy court bid by Tavistock Restaurant Group.

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