LL Flooring’s stock rallies 50% following Live Ventures buyout offer

LL Flooring Holdings Inc.
LL,
+44.54%
rallied Thursday after Live Ventures Inc.
LIVE,
+0.31%
offered $5.85 a share cash for the company. LL shares surged as much as 52% to an intraday high of $4.45 following the offer. Live Ventures shares rose 0.4%. In a letter to LL’s board, Live Ventures said the addition of the former Lumber Liquidators’ 442 stores in 47 states would be “synergistic given our extensive portfolio of flooring companies.” LL Flooring said its board would carefully review the unsolicited proposal.