LL Flooring Confirms Receipt Of Unsolicited, Non-Binding Proposal From Live Ventures Incorporated For $5.85/Share In Cash; Says 'No Shareholder Action At This Time'
Portfolio Pulse from Benzinga Newsdesk
LL Flooring Holdings, Inc. (NYSE:LL) has received an unsolicited, non-binding proposal from Live Ventures Incorporated to acquire all of the outstanding shares of the company for $5.85 per share in cash. LL Flooring's Board of Directors is exploring strategic alternatives, including a potential sale, merger, or other strategic transaction. The Board will review the proposal from Live Ventures in this context. LL Flooring shareholders do not need to take any action at this time.
October 12, 2023 | 6:27 pm
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NEUTRAL IMPACT
LL Flooring has received an acquisition proposal from Live Ventures. The Board is considering this as part of its exploration of strategic alternatives.
The news of an unsolicited acquisition proposal can create uncertainty in the market, potentially impacting the stock price. However, as the proposal is non-binding and the Board is still considering its options, the short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100