Lumber Liquidators sinks after founder says he won't seek buyout - InvestingChannel

Lumber Liquidators sinks after founder says he won’t seek buyout

Lumber Liquidators shares moved lower after its founder Tom Sullivan told Bloomberg in an interview that he will not seek a buyout of the company. The stock in morning trading is down 12% to $9.85. Sullivan said that while he will “keep watching the situation,” the price of the company “got too high.” Sullivan also said that he plans to sell some of his shares in the flooring retailer he founded.