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Jun 27, 2023

LL Flooring board of directors rejects proposal

LL Flooring Holdings, Inc.’s board of directors has unanimously rejected an unsolicited, non-binding proposal from Cabinets To Go, LLC, a subsidiary of F9 Brands, Inc., to acquire all of LL Flooring’s outstanding shares. The company previously acknowledged receipt of the unsolicited proposal from Cabinets To Go on May 30. The board reviewed and considered Cabinets To Go’s non-binding proposal and unanimously determined that the proposal significantly undervalues the worth of LL Flooring, its business, and prospects and is not in the best interests of the company and its shareholders.  

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