Founder of LL Flooring, Tom Sullivan, Has Acquired 9.4% of LL's Stock
Richmond, VA, May 25, 2023-Tom Sullivan, founder and former CEO of LL Flooring, acquired 9.4% of LL stock for the purpose of beginning discussions with LL management board about merging the stores with Cabinets To Go, another business founded by Sullivan.
According to the SEC filing, Sullivan has acquired about 50% of the shares that he owns in the last 30 days and owned the other 50% already.
LL Flooring was founded by Sullivan as Lumber Liquidators in 1994. He left the company at the close of 2016 but remains landlord of many LL Flooring locations.
Cabinets To Go is a division of F9 brands.
LL Flooring’s stock price was $3.06 as of May 8 and yesterday reached $3.84, while as of November 25, it was $7.03.
Related Topics:Lumber Liquidators