Nordstrom Stock Soars on Report That Founding Family is Looking at Taking Company Private
JWNNordstrom(JWN) Investopedia·2024-03-20 03:05

Key TakeawaysFounding family members of Nordstrom reportedly are looking at taking the upscale retailer private.Sources told Reuters the family members have asked Morgan Stanley and Centerview Partners to investigate whether any private equity firms might want to buy the company.Family members previously looked into taking Nordstrom private, but their roughly $8.4 billion offer was rejected by the company's board in March 2018. Shares of Nordstrom Inc. (JWN) surged Tuesday on a report that the founding fami ...