Live Ventures Incorporated (NasdaqCM:LIVE) entered into a non-binding proposal to acquire LL Flooring Holdings, Inc. (NYSE:LL) from Isaac Capital Group, LLC and others for $190 million on October 11, 2023. As part of consideration, Live Ventures Incorporated will pay $5.85 in cash for each share of LL Flooring. The transaction is subject only to LL Flooring shareholder approval, legal due diligence as well as other customary closing conditions for a transaction of this nature with no financing condition or contingency.

J.P. Morgan Securities LLC acted as financial advisor to LL Flooring, and Richard J Grossman of Skadden, Arps, Slate, Meagher & Flom LLP acted as its legal advisor. Vinson & Elkins acted as legal advisor to Live Ventures.