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Luby’s to pay $11 million to buy Cheeseburger in Paradise

Fuddruckers owner Luby’s will acquire the 23-unit Cheeseburger in Paradise chain of casual dining restaurants for $11 million. Houston-based Luby’s acquired Fuddruckers for $63.5 million in 2010, and earlier this year opened the first co-branded Luby’s/Fuddruckers restaurant in Pearland, Texas. Read the BurgerBusiness.com story here.

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