Private equity firm offers cash for struggling wood floors maker
- LL Flooring Holdings Inc. received a buyout bid valued at $92.6 million
- Private equity firm F9 Investments LLC offered $3 in cash for each LL share outstanding
- The bid represents a 6.4% premium to Monday’s closing price
- LL Flooring’s market cap has significantly declined since 2013
- LL’s stock has fallen 49.8% year to date
LL Flooring Holdings Inc., formerly known as Lumber Liquidators, has received a buyout bid from private equity firm F9 Investments LLC. The bid values the wood floors maker at approximately $92.6 million. F9 is offering $3 in cash for each LL share outstanding, representing a 6.4% premium to Monday’s closing price. This bid is a stark contrast to LL Flooring’s market cap of $3.3 billion at its peak in 2013. LL’s stock has plummeted 49.8% year to date, reflecting the market’s lack of confidence in the company’s strategy and financial condition.
Factuality Level: 7
Factuality Justification: The article provides information about LL Flooring Holdings Inc. receiving a buyout bid from F9 Investments LLC. It includes details about the bid price and the valuation of the company. The article also mentions the stock performance and the opinion of F9 owner Thomas Sullivan. Overall, the article provides factual information about the buyout bid and the company’s financial condition. However, it does not provide any additional sources or perspectives to verify the claims made by F9 Investments LLC.
Noise Level: 3
Noise Justification: The article provides relevant information about LL Flooring Holdings Inc. and the buyout bid from F9 Investments LLC. It includes details about the bid price, the company’s market cap, and the stock’s performance. The article also quotes F9 owner Thomas Sullivan’s criticism of LL Flooring’s board and management. However, there is no scientific rigor or intellectual honesty in the article, and it does not provide any actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: LL Flooring Holdings Inc.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article pertains to a buyout bid for LL Flooring Holdings Inc., which is a financial topic. There is no mention of an extreme event.
Public Companies: LL Flooring Holdings Inc. (LL)
Private Companies: F9 Investments LLC
Key People: Thomas Sullivan (F9 owner)
Reported publicly:
www.marketwatch.com 
