HOUSTON, Nov. 10, 2020 /PRNewswire/ –Luby’s, Inc. (NYSE: LUB) (the “Company”) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading proxy voting advisory firm, has recommended that Luby’s stockholders vote in favor of the Company’s Plan of Liquidation and Dissolution (the “Plan”).
In recommending “FOR” the Plan, ISS noted that1: “The board appears to have conducted a robust, multi-year process prior to making the decision to dissolve and liquidate the company.” Further, ISS analyzed the financial condition of the Company and stated: “The board’s assertion that a dissolution is the most viable alternative seems reasonable.” ISS also stated that “the market appears to have reacted positively to the proposed …
Read the full article at: https://www.prnewswire.com/news-releases/iss-recommends-lubys-stockholders-vote-for-the-companys-plan-of-liquidation-301169262.html
