Nordstrom family makes $3.76 billion bid to take retailer private

Led by Erik Nordstrom, Nordstom’s CEO, and Peter Nordstrom, the company’s president, the family has partnered with Mexico-based retailer El Puerto de Liverpool, offering $23 per share in cash for the remaining shares the parties do not already own. This is the family’s second attempt in six years to gain full control of the retailer.

A special committee of Nordstrom’s board, formed earlier this year after the family first expressed interest in a potential takeover, is now reviewing the proposal.
more at: https://www.digitalcommerce360.com/2024/09/10/nordstrom-family-makes-bid-to-take-retailer-private/

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