Nordstrom goes private in a $6.25B deal, with family and Liverpool taking majority control.

Nordstrom, a century-old department store chain, is set to go private in a $6.25 billion deal involving the Nordstrom family and Mexican retailer El Puerto de Liverpool. Shareholders will receive $24.25 in cash per share, a 42% premium over recent market value. The acquisition aims to give the Nordstrom family more control and flexibility to address competition from giants like Walmart, Target, and Amazon. The transaction is expected to close in the first half of 2023, after which Nordstrom's shares will no longer trade publicly.

December 23, 2024
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