Nordstroms succeed in taking company private for $6.25B

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: United States

Topics: Board Store Company Billion Other Nordstrom Family Liverpool Pete Transaction Erik

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 10:47:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 661 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Retail Dive

News ID: 24715960

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