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Activist investor fears Luby’s will ‘chisel away’ real estate assets

Activist investor fears Luby’s will ‘chisel away’ real estate assets

Hedge fund offers board slate for parent of Luby’s, Fuddruckers brands

Bandera Partners LLC is looking to shake up the board of Luby’s Inc., nominating a slate of candidates to address what it called “bloated corporate expenses” and the company’s sale of real estate.

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