Tom Sullivan Rescinds Bid to Buy LL Flooring
Roanoke, VA, August 18, 2023-Tom Sullivan has rescinded his bid to acquire LL Flooring, the company he founded, which was formerly known as LL Flooring.
In May, it was announced that Sullivan 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.
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.
The board rejected the bid late June.
Related Topics:Lumber Liquidators