Private Equity
LL Flooring Holdings Inc. LL, formerly known as Lumber Liquidators, received Tuesday a buyout bid from private equity firm F9 Investments LLC that values the wood floors maker at about $92.6 million. F9, which owns about 8.8% of LL Flooring’s shares outstanding, said it would pay $3 in cash for each LL share outstanding, which represents a 6.4% premium to Monday’s closing price of $2.82. The bid’s valuation of the company is a far cry from the company’s market cap of $3.3 billion at the stock’s peak in November 2013.

In this article