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InsideArbitrage Potential Deal Alert: LL Flooring (LL) Approached By Live Ventures (LIVE)

  • October 12, 2023


StockLL Flooring Holdings, Inc.SymbolLL
Date Announced10/12/2023Source Press Release
TypeUnsolicited BidAcquiring Company/Person Live Ventures

U.S. investment firm Live Ventures (LIVE) has offered to buy LL Flooring Holdings (LL), formerly known as Lumber Liquidators, for roughly $180 million in cash.

LL Flooring Holdings Investor Relations

Live Ventures Investor Relations


November 14, 2023: Founder Tom Sullivan renews his takeover offer after he withdrew his bid in August. F9 Investments, LLC, together with its affiliates, collectively owns approximately 8.8% of LL Flooring Holdings. They sent a letter to the Board of Directors of LL Flooring proposing to acquire LL Flooring for $3.00 per share.

January 18, 2024: LL Flooring (LL) founder Tom Sullivan withdraws his $3 per share takeover offer.

April 29, 2024: LL Flooring Holdings (LL) said as part of the previously announced strategic alternatives review process, the company’s Board has received a non-binding proposal to buy all the outstanding shares of the company for $2.50 per share in cash.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.