Houston-based restaurant company Luby's Inc. (NYSE: LUB) has been working to turn around its operational and financial performance for more than a year, and additional efforts are underway.
The board of directors has now formed a committee to establish a strategic review process to identify and evaluate a range of strategic alternatives that could maximize shareholder value, according to a Sept. 10 press release. Such strategic alternatives often include a potential sale or merger of the company…
