{"id":760860,"date":"2023-05-30T17:24:33","date_gmt":"2023-05-30T21:24:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/"},"modified":"2023-05-30T17:24:33","modified_gmt":"2023-05-30T21:24:33","slug":"ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/","title":{"rendered":"LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc."},"content":{"rendered":"

<\/p>\n

LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc.<\/b><\/p>\n

No Shareholder Action Required at this Time<\/i><\/p>\n

RICHMOND, Va.–(BUSINESS WIRE<\/a>)–
\nLL Flooring Holdings, Inc. (\u201cLL Flooring\u201d or \u201cCompany\u201d) (NYSE: LL) today confirmed that it has received an unsolicited, non-binding proposal from Cabinets To Go, LLC (\u201cCabinets To Go\u201d), a subsidiary of F9 Brands, Inc., to acquire all of the outstanding shares of the Company for $5.76 per share in cash.<\/p>\n

\nConsistent 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\u2019s strategic plan to determine the course of action that it believes is in the best interests of the Company and all of its shareholders.<\/p>\n

\nThe Company believes that the long-term fundamentals of LL Flooring\u2019s business are strong and believes that it is successfully executing on its six core growth strategies. LL Flooring believes that it is well positioned to take advantage of the medium- to long-term tailwinds for repair and remodel spending, and believes that the Company\u2019s unique positioning differentiates it from others in the market. The Board and management team are confident in the Company\u2019s ability to deliver high-touch service combined with the value and convenience of the national brand, providing a long-term sustainable competitive advantage. LL Flooring\u2019s Board and management team believe that with a strong balance sheet and liquidity, the Company is well-positioned for the future.<\/p>\n

\nLL Flooring shareholders do not need to take any action at this time. LL Flooring does not intend to comment further on Cabinet To Go\u2019s unsolicited proposal until the Board has completed its review.<\/p>\n

\nJ.P. Morgan Securities LLC is serving as financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to the Company.<\/p>\n

About LL Flooring<\/b><\/p>\n

\nLL Flooring is one of the country\u2019s leading specialty retailers of hard-surface flooring with more than 440 stores nationwide. The Company seeks to offer the best customer experience online and in stores, with more than 500 varieties of hard-surface floors featuring a range of quality styles and on-trend designs. LL Flooring’s online tools also help empower customers to find the right solution for the space they’ve envisioned. LL Flooring’s extensive selection includes waterproof hybrid resilient, waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, porcelain tile, and cork, with a wide range of flooring enhancements and accessories to complement. LL Flooring stores are staffed with flooring experts who provide advice, Pro partnership services and installation options for all of LL Flooring’s products, the majority of which is in stock and ready for delivery.<\/p>\n

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS<\/b><\/p>\n

\nThis press release includes statements of the Company\u2019s expectations, intentions, plans and beliefs that constitute \u201cforward-looking statements\u201d within the meanings of the Private Securities Litigation Reform Act of 1995. These statements, which may be identified by words such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cthinks,\u201d \u201cestimates,\u201d \u201cseeks,\u201d \u201cpredicts,\u201d \u201ccould,\u201d \u201cprojects,\u201d \u201cpotential\u201d and other similar terms and phrases, are based on the beliefs of the Company\u2019s management, as well as assumptions made by, and information currently available to, the Company\u2019s management as of the date of such statements. These statements are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company\u2019s control.<\/p>\n

\nThe Company specifically disclaims any obligation to update these statements, which speak only as of the dates on which such statements are made, except as may be required under the federal securities laws. For a discussion of the risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see the \u201cRisk Factors\u201d section of the Company\u2019s annual report on Form 10-K for the year ended December 31, 2022, and the Company\u2019s other filings with the Securities and Exchange Commission (\u201cSEC\u201d). Such filings are available on the SEC\u2019s website at www.sec.gov<\/a> and the Company\u2019s Investor Relations website at https:\/\/investors.llflooring.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230530005650\/en\/<\/a><\/span><\/p>\n

For further information:
\n<\/b>
LL Flooring Investor Relations
\n
ICR
\n
Bruce Williams
\n
ir@llflooring.com
\n<\/a>
Tel: 804-420-9801<\/p>\n

For media inquiries:
\n<\/b>
Leigh Parrish \/ Ed Trissel
\n
Joele Frank, Wilkinson Brimmer Katcher
\n
212-355-4449<\/p>\n

KEYWORDS:<\/b> Virginia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Specialty Interior Design Home Goods Architecture Retail Residential Building & Real Estate Online Retail<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc. No Shareholder Action Required at this Time RICHMOND, Va.–(BUSINESS WIRE)– LL Flooring Holdings, Inc. (\u201cLL Flooring\u201d or \u201cCompany\u201d) (NYSE: LL) today confirmed that it has received an unsolicited, non-binding proposal from Cabinets To Go, LLC (\u201cCabinets To Go\u201d), a subsidiary of F9 Brands, Inc., 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\u2019s strategic plan to determine the course of action that it … <\/p>\n

Continue reading “LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-760860","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc. No Shareholder Action Required at this Time RICHMOND, Va.–(BUSINESS WIRE)– LL Flooring Holdings, Inc. (\u201cLL Flooring\u201d or \u201cCompany\u201d) (NYSE: LL) today confirmed that it has received an unsolicited, non-binding proposal from Cabinets To Go, LLC (\u201cCabinets To Go\u201d), a subsidiary of F9 Brands, Inc., 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\u2019s strategic plan to determine the course of action that it … Continue reading "LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-30T21:24:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230530005650r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc.\",\"datePublished\":\"2023-05-30T21:24:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\\\/\"},\"wordCount\":777,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230530005650r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\\\/\",\"name\":\"LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc. - 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No Shareholder Action Required at this Time RICHMOND, Va.–(BUSINESS WIRE)– LL Flooring Holdings, Inc. (\u201cLL Flooring\u201d or \u201cCompany\u201d) (NYSE: LL) today confirmed that it has received an unsolicited, non-binding proposal from Cabinets To Go, LLC (\u201cCabinets To Go\u201d), a subsidiary of F9 Brands, Inc., 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\u2019s strategic plan to determine the course of action that it … Continue reading \"LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-30T21:24:33+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230530005650r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc.","datePublished":"2023-05-30T21:24:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/"},"wordCount":777,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230530005650r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ll-flooring-confirms-receipt-of-unsolicited-non-binding-proposal-from-cabinets-to-go-subsidiary-of-f9-brands-inc\/","name":"LL Flooring Confirms Receipt of Unsolicited, Non-Binding Proposal from Cabinets To Go, Subsidiary of F9 Brands, Inc. - 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