Nordstrom Confirms Buyout Proposal Valued at $3.8 billion
JWNNordstrom(JWN) ZACKS·2024-09-06 00:41

Nordstrom, Inc. (JWN) has been making progress on its customer-based strategy. It is focused on driving Nordstrom banner growth, optimizing operations and building momentum at the Rack banner. In the latest development, its special committee of the board of directors said that it had received a proposal from Erik and Pete Nordstrom, members of the Nordstrom family, along with El Puerto de Liverpool (Liverpool), to buy the entire outstanding shares of the company, except shares held by them. This $3.8-billio ...