Texas-based Luby's, Inc. announced Monday that it completed the purchase of most of Fuddruckers, Inc.'s assets for approximately $63.5 million in cash.
Luby's, Inc. operates more than 250 restaurants around the United States and the world, including 56 company-operated Fuddruckers restaurants and 129 franchises.
"We are pleased to add Fuddruckers to our portfolio of restaurants," said Christopher J. Pappas, Luby's President and Chief Executive Officer. "Hamburgers remain very relevant to consumers today."
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