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Nordstroms succeed in taking company private for $6.25B

Retail Dive LogoRetail Dive1d ago

Nordstroms succeed in taking company private for $6.25B - Retail Dive

Quick Summary:

The board unanimously approved the deal, which also includes Mexican retail conglomerate El Puerto de Liverpool and gives the founding family a majority stake.

Nordstrom, back under family control, in an all-cash transaction valued at about $6.25 billion.

The family group plus Mexican retail conglomerate El Puerto de Liverpool will acquire all the outstanding common shares they don’t already own.


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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 10:47:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 675 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 24624362

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About Retail Dive

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Main Topics: EconomyBusiness

Official Website: retaildive.com

Update Frequency: 1 posts per day

Year Established: 2012

Headquarters: United States

News Last Updated: 21 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #56

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  • URL: https://beamstart.com/news/nordstroms-succeed-in-taking-company-1735021314490

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