Nordstrom is being taken private by its family owners and a Mexican retail group for $6.25 billion.

Nordstrom, a longtime American department store, is being acquired by the Nordstrom family and Mexican retail group El Puerto de Liverpool for $6.25 billion. Shareholders will receive $24.25 per share in cash, representing a 42% premium. The acquisition, expected to complete in the first half of 2025, will make Nordstrom a private company with the Nordstrom family owning a majority stake.

December 23, 2024
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