LL Flooring shares are trading higher after Live Ventures submitted a proposal to acquire the company for $5.85 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
Live Ventures has submitted a proposal to acquire LL Flooring for $5.85 per share in cash, causing LL Flooring shares to trade higher.
October 12, 2023 | 3:03 pm
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LL Flooring's shares are trading higher following a proposal from Live Ventures to acquire the company for $5.85 per share in cash.
The acquisition proposal by Live Ventures has led to an increase in LL Flooring's share price. This is because the proposed acquisition price is likely higher than the current trading price, making the shares more valuable. Therefore, the short-term impact on LL Flooring's stock is positive.
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