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Luby's casual dining chain is using Sloane & Co. as it fends off a proxy fight by hedge fund Bandera Partners.
Jeff Gramm, partner of Bandera, rapped Luby's business strategy as one that is "simply not working."
He claims since the Houston-based company has refused his request for substantive discussions to shake up Luby's board, he has "no choice" but to run his own slate of directors.
Bandera nominees include Gramm's dad, Phil. The elder Gramm was a Texas Senator and UBS investment unit vice chairman.
Luby's, which reported declining sales and profits, owns 142 restaurants including 82 Luby's Cafeterias, 58 Fuddruckers and a Cheeseburger in Paradise.
Sloane's managing director Dan Zacchei and senior VP Joe Germani rep Luby's
MDC Partners owns Sloane.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
