LL Flooring's shares jump after co says exploring options including sale

Ll Flooring Holdings

15/08/2023 16:20

** Shares of home furnishing retailer LL Flooring  LL.N 
jump to more than two-month high on Tuesday 
    ** Shares up 27.5% at $4.77 
    ** Co says it is exploring strategic alternatives, including
a potential sale, merger or other transaction
    ** Have received multiple expressions of external interest
regarding a "potential transaction with the Company" - co
    **  LL disclosed in June that it received an unsolicited
$5.76/shr buyout offer from Cabinets To Go, a unit of F9 Brands
    ** Including session moves, shares down ~15% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))