LL Flooring is considering filing for Chapter 11 bankruptcy, Reshmi Basu of Bloomberg reports, citing people with knowledge of the matter. LL may seek protection from creditors in the coming weeks, a person with knowledge of the matter told Bloomberg. The company’s adviser Houlihan Lokey has been reaching out to potential investors about a deal to inject fresh capital into the company, Bloomberg previously reported. LL shares are down 29%, or 38c, to 95c in afternoon trading.
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