Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Feb. 3, 12:30 PM
| This Slide: #87 of 100 |
Slide #87. Live Ventures Incorporated — Flooring Liquidators, Inc.
Acquirer:
Live Ventures Incorporated (NASDAQ:LIVE)
Acquiree:
Flooring Liquidators, Inc.
Details:
Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company ("Live Ventures"), has acquired the outstanding equity interests of Flooring Liquidators, Inc., a leading retailer and installer of floors, carpets, and countertops to consumers, builders and contractors in California and Nevada ("Flooring Liquidators"). The transaction, valued at approximately $84 million, was financed through a combination of cash, debt, including a $5 million note from Isaac Capital Group_, and the issuance of 116,441 shares of our common stock, representing a 3.78% dilution of Live Ventures' fully diluted common stock.
Live Ventures is a holding company. Through its subsidiaries, Co. focuses on acquisitions of domestic companies. Co.'s segments are: Retail, Flooring Manufacturing, Steel Manufacturing, and Corporate and Other. The Retail segment includes Co.'s subsidiary, Vintage Stock, Inc., which engages in the retail sale of new and used movies, music, collectibles and others. The Flooring Manufacturing segment includes Co.'s subsidiary, Marquis Industries, Inc., which manufactures and sells carpet, vinyl and wood floorcoverings. The Steel Manufacturing Segment includes Co.'s subsidiary, Precision Industries, Inc., which manufactures and sells alloy and steel plates, ground flat stock and drill rods.
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