Nordstrom confirms buyout bid received from members of the founding family
JWNNordstrom(JWN) MarketWatch·2024-09-04 21:31

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 23foreachoutstandingshareJWNthattheydontalreadyown.Thatrepresentsa0.823 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. ...