Live Ventures Submits Proposal To Acquire LL Flooring For $5.85 Per Share In Cash, An Aggregate Equity Value Of ~$194.4M
Portfolio Pulse from Benzinga Newsdesk
Live Ventures Incorporated (NASDAQ:LIVE) has submitted a proposal to acquire LL Flooring Holdings, Inc. (NYSE:LL) for $5.85 per share in cash, representing an aggregate equity value of approximately $194.4 million. This all-cash offer represents a 106% premium to LL Flooring's closing price as of October 6, 2023. Live Ventures, a diversified holding company specializing in the retail and flooring industries, believes that this acquisition would be synergistic given their extensive portfolio of flooring companies.
October 12, 2023 | 1:04 pm
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POSITIVE IMPACT
Live Ventures' proposal to acquire LL Flooring could potentially boost its stock price in the short term due to the synergistic benefits and potential for increased revenues.
The proposed acquisition of LL Flooring by Live Ventures could potentially boost its stock price in the short term. The synergistic benefits and potential for increased revenues could be seen as positive by investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
LL Flooring's stock price could potentially rise in the short term due to the premium offered by Live Ventures in their acquisition proposal.
The proposed acquisition of LL Flooring by Live Ventures offers a 106% premium to the company's closing price as of October 6, 2023. This could potentially boost LL Flooring's stock price in the short term as it represents a significant premium to recent share price performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100