The Nordstrom family offered $3.8 billion to take the company private — a steep discount from a bid it made six years earlier as department stores continue to get slammed by dwindling mall traffic. Brothers Erik and Pete Nordstrom – chief executive and president, respectively – are joining with Mexican department store chain El Puerto de Liverpool to offer $23 a share in cash to acquire all of the outstanding shares of the company. The fresh takeout bid, revealed in a securities filing on Wednesday, values ...

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Nordstrom Rack expansion has driven sales as the family look to take the company private. (Photo by ... [+] Eugene Gologursky/Getty Images for Nordstrom Inc.) getty The Nordstrom family group has offered $3.8 billion to take the department store chain private, bringing the store group back into the family's hands. To help finance the deal, CEO Erik Nordstrom and his brother, President Pete Nordstrom, have made the offer in conjunction with other members of the family plus Mexico-based retail and real estate ...

Nordstrom Inc. confirmed Wednesday that it has received a buyout bid from members of the family that founded the department-store chain and Mexico-based retailer El Puerto de Liverpool SAB. Under terms of the buyout proposal, Erik and Pete Nordstrom, other Nordstrom family members and Liverpool would pay $23 for each outstanding share JWN that they don't already own. That represents a 0.8% premium to Tuesday's closing price of $22.82. ...

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SEATTLE, Sept. 4, 2024 /PRNewswire/ -- The special committee of the Board of Directors of Nordstrom, Inc. (NYSE: JWN) today confirmed receipt of a proposal from Erik and Pete Nordstrom, other members of the Nordstrom family, and El Puerto de Liverpool, S.A.B. de C.V. ("Liverpool") (BMV: LIVEPOL) to acquire all of the outstanding shares of the Company, other than shares held by members of the Nordstrom family and Liverpool, for $23.00 per share in cash. The proposal states that the merger consideration would ...

Nordstrom Today | --- | --- | |----------------------|-------| | | | | | | | JWN Nordstrom | | | $22.82 | | | +0.48 (+2.15%) | | | 52-Week Range $12.88 | | | ▼ | | | $24.03 | | | Dividend Yield 3.33% | | | P/E Ratio 12.47 | | | Price Target $19.85 | | | | | Add to Watchlist It's a tale of two retail department stores on the opposite ends of the financial spectrum. Nordstrom Inc. NYSE: JWN stock is trading up 21% year-to-date (YTD), while Macy's Inc. (NYSE: M) stock is trading down 22.6% YTD. These retail/wh ...

Telephone ATTRAF 日 11000 the F 1 I r NoDerog Nordstrom, Inc. (NYSE:JWN) is a major consumer discretionary fashion retailer in North America selling apparel & other accessories, beauty products, and home goods online and in stores. With a market cap of around $3.5 billion, it sits on the edge of being a small-cap and a mid-cap stock, but that doesn't mean Nordstrom is small. JWN employs around 54,000 people and has 370 stores with over 26.5 million gross store square footage. The stock has suffered from bein ...

KEY TAKEAWAYS Nordstrom shares jumped Wednesday, a day after posting better-than-estimated adjusted EPS of 96 cents on revenue of $3.89 billion. The department store operator reported a nearly 9% year-over-year sales gain at its Nordstrom Rack discount chain. Nordstrom also said its comparable store sales would be in a range of flat to 2% growth from fiscal 2023, compared with its previous projection of a 1% decline to 2% growth. Nordstrom (JWN) shares jumped Wednesday, a day after posting better-than-expec ...

Shares of Nordstrom Inc JWN climbed in early trading on Wednesday, after the company reported upbeat second-quarter earnings. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating, while raising the price target from $23 to $24. Goldman Sachs analyst Brooke Roach maintained a Neutral rating, while lifting the price target from $19 to $21. JPMorgan analyst Matthew Boss reaffirmed an ...