Nordstrom family proposes $3.76B take-private deal at $23/share with El Puerto de Liverpool.
The Nordstrom family, in partnership with Mexican retailer El Puerto de Liverpool, has proposed to acquire all shares of Nordstrom for $23 each, valuing the company at approximately $3.76 billion. The offer, which includes cash commitments and new bank financing, aims to take the company private while keeping its existing debt unchanged. An independent board committee will review the non-binding proposal, with no immediate action required from shareholders.
September 04, 2024
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