Holding company makes proposal for LL Flooring

LL Flooring Holdings, Inc. has received an unsolicited, non-binding proposal from holding company Live Ventures Incorporated to acquire all of the outstanding shares of the company. As previously announced, LL Flooring’s board of directors has initiated an exploration of strategic alternatives in response to receipt of multiple inbound expressions of interest regarding a potential transaction with the company. As part of this process, LL Flooring will consider a wide range of options including, among other things, a potential sale, merger, or other strategic transaction. The company will review and consider the proposal from Live Ventures in the context of its strategic alternatives process to determine the course of action that it believes is in the best interests of the company and all of its shareholders.