LL Flooring jumps on buyout offer from Live Ventures

Ll Flooring Holdings

12/10/2023 15:00

** Shares of home furnishing retailer LL Flooring  LL.N 
jump 33.1% to $3.90
    ** U.S. investment firm Live Ventures  LIVE.O  makes a
non-binding buyout offer of $5.85 per LL share 
    ** Offer implies a premium of nearly 100% compared with LL's
last close, as per Reuters' calculations 
    ** LIVE CEO John Issac says his investment firm owns about
4% of LL's outstanding common stock  
    ** LL had said in August it was exploring strategic
alternatives, including a potential sale
    ** Including the session gains, stock down 31% YTD 

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))