LL Flooring Receives Unsolicited, Non-Binding Proposal from Cabinets To Go

Richmond, VA, May 31, 2023-LL Flooring Holdings confirmed that it has received an unsolicited, non-binding proposal from Cabinets To Go, a subsidiary of F9 Brands to acquire all of the outstanding shares of the company for $5.76 per share in cash.

Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the LL Flooring board of directors will carefully review and consider the proposal in the context of LL Flooring’s strategic plan to determine the course of action that it believes is in the best interests of the company and all of its shareholders.

LL Flooring does not intend to comment further on Cabinet To Go’s unsolicited proposal until the board has completed its review.