F9 Investments to acquire the remaining 91.2% stake in LL Flooring for $84m.

F9 Investments, a private equity firm, offered to acquire the remaining 91.2% stake in LL Flooring, an offeror of products including hardwood flooring, laminate, bamboo, vinyl plank, installation products, porcelain tile, cork and hardwood flooring enhancements and accessories, for $84m. “We believe our offer represents a compelling, immediate, and certain cash value for LL’s shareholders, in light of the Company’s deteriorating financial condition and declining stock price, which in our view reflects the market’s lack of confidence in the current Board’s strategy. LL Flooring’s most recent, dismal third quarter earnings performance further reflects the Board and management’s lack of urgency, credible plan, execution ability, or capacity to control costs despite numerous pledges to do so,” Thomas Sullivan, F9 Owner.