U.S. investment firm Live Ventures Incorporated (NasdaqCM:LIVE) has offered to buy LL Flooring Holdings, Inc. (NYSE:LL), formerly known as Lumber Liquidators, for roughly $180 million in cash, according to a letter seen by Reuters. LL Flooring said in August that it was exploring strategic alternatives, including a possible sale. The company, headquartered in Richmond, Virginia and one of the country's leading retailers of hard-wood surface flooring, has seen its stock price tumble more than 78% in the last five years.

Live Ventures' offer of $5.85 per share represents a roughly 100% premium to LL Flooring's closing price on October 11, 2023 . LL Flooring and Live Ventures did not immediately respond to Reuters' request for comment.