Howard Jonas Consortium Encourages LL Flooring Holdings To Engage In Sale Process With $5.76 Per Share As Floor Bid
Portfolio Pulse from Benzinga Newsdesk
Howard Jonas, leading a consortium of investors with over 5% stake in LL Flooring, has urged the company's board to consider the $5.76 per share acquisition offer made by F9 Investments and Cabinets to Go.
June 13, 2023 | 8:59 pm
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LL Flooring's board is urged by a consortium led by Howard Jonas to consider the $5.76 per share acquisition offer from F9 Investments and Cabinets to Go.
The news of a potential acquisition at $5.76 per share could positively impact LL Flooring's stock price in the short term, as investors may see this as an opportunity for growth and value realization. The consortium led by Howard Jonas holds a significant stake in the company, which adds weight to their recommendation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100