Nordstrom Family Makes $3.8B Offer To Take Retailer Private
JWNNordstrom(JWN) Investopedia·2024-09-05 02:10

Key TakeawaysChief Executive Officer (CEO) Erik Nordstrom and President Peter Nordstrom have teamed with Mexican retailer El Puerto de Liverpool in an attempt to take their namesake company private.The group offered 23pershare,aslightpremiumtoTuesday′sclosingstockprice,inadealvaluedatalmost23 per share, a slight premium to Tuesday's closing stock price, in a deal valued at almost 3.8 billion.The Nordstrom family owns a 33.4% stake in the company, while Liverpool owns about 10%. Nordstrom (JWN) Chief Executive Officer (CEO) Erik Nordstrom and other members of the company’s foundi ...