date:Dec 06, 2012
Luby's, Inc., owner of Luby's Cafeterias and Fuddruckers brands, announced that it plans to purchase the Cheeseburger in Paradise restaurant chain.
The purchase will be made for approximately $11 million in cash. The transaction is expected to close on or before Dec. 5.
Luby's will operate 23 Cheeseburger in Paradise locations in 14 states.
Cheeseburger in Paradise is a full-service island-themed restaurant and bar, developed 10 years ago in collaboration with legendary entertainer Jimmy Buf