Luby`s, Inc.

NYSE:LUB   3:59:59 PM EDT
4.08
+0.01 (+0.25%)
Debt Financing / Related, Products, Divestitures / Spin-offs

Press Release - Luby's, Inc. Signs Agreement To Sell Luby's Cafeteria Restaurant Operations To Affiliate Of Calvin Gin

Published: 06/21/2021 13:12 GMT
Luby`s, Inc. (LUB) - Press Release - Luby's, Inc. Signs Agreement to Sell Luby's Cafeteria Restaurant Operations to Affiliate of Calvin Gin.
Luby's, Inc. Signs Agreement to Sell Luby's Cafeteria Restaurant Operations to Affiliate of Calvin Gin.
Luby's Inc - Purchase by Gin Affiliate Will Include 32 of Existing Locations of Luby's Restaurants in Texas and Ownership of Luby's Cafeteria Brand.
Luby's Inc - Does Not Currently Plan to Adjust Estimated Liquidation Value of Company As a Result of Deal.
Luby's Inc - Anticipated That Luby's Cafeteria Operations Sale Deal Could Provide Co With About $28.7 Million of Value.
Luby's Inc - Transaction is Not Subject to a Financing Contingency.