evidence: According to Restaurant Business, Luby's Inc. announced an $18.5 million buyout deal with Black Titan Franchise Systems, which already owns and operates 13 Fuddruckers units and plans to acquire two more. The new owner will also acquire master worldwide ownership of the Fuddruckers brand, which will allow it to grow the franchise business both domestically and internationally. Fuddruckers currently has 92 locations across the United States, and chances are good most of those locations will remain open for business. [...] Luby's Inc. said it will hold onto five standalone Fuddruckers restaurants, as well as four combined locations that house Luby's Cafeterias, too. The company is still in search of buyers for Luby's Cafeteria and Luby's Culinary Contract Services businesses. [...] - This Cafeteria-Style Chain Will Close All of Its Locations By August - Parent Company of These 6 Restaurant Chains Just Declared Bankruptcy - These Major Mistakes Caused the Decline of America's Largest Seafood Chain