LL Founder, Sullivan, Shelves Possibility of Buy-Back

Roanoke, VA, September 16, 2019-Lumber Liquidators' founder Tom Sullivan has shelved his bid to buy back the firm, citing the fact that the stock price has risen too high. 

And, in fact, Sullivan is planning to unload the shares he owns.

The news caused the LL stock price, which had been rising since Sullivan’s announcement of interest in purchasing the company, to tumble.