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Market
Liverpool's ownership percentage in Nordstrom post-acquisition?
3
Resolution / Starting Odds
Less than 49% • 25%
49.9% • 25%
50% to 60% • 25%
More than 60% • 25%
Official press releases from Nordstrom or El Puerto de Liverpool, SEC filings
Story
Nordstrom Going Private at $24.25/Share in $6.25B All-Cash Deal with Family, Liverpool
Dec 23, 2024, 03:26 PM
Nordstrom has agreed to be acquired and taken private in an all-cash transaction valued at approximately $6.25 billion. The Nordstrom family is partnering with Mexican retail group El Puerto de Liverpool to purchase the company at $24.25 per share, representing a 42% premium for shareholders. The deal includes a special $0.25 dividend and will result in the Nordstrom family holding a 50.1% ownership stake, while Liverpool will hold 49.9%. The Nordstrom board of directors unanimously approved the transaction, with Erik and Pete Nordstrom recusing themselves from voting. The company believes it will be more successful without the scrutiny and demands of the public market. The transaction is expected to close in mid-2025.
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Similar markets
Yes • 50%
No • 50%
Buyout completed at $23 per share • 25%
Buyout completed at a different price • 25%
Buyout proposal withdrawn • 25%
Buyout proposal still under negotiation • 25%
Anne E. Gittinger supports the buyout • 25%
Anne E. Gittinger opposes the buyout • 25%
Other major stakeholder supports the buyout • 25%
Other major stakeholder opposes the buyout • 25%
Increase by more than 5% • 25%
Increase by up to 5% • 25%
No change • 25%
Decrease • 25%
Expansion in North America • 25%
Expansion in Latin America • 25%
Focus on e-commerce growth • 25%
Cost-cutting and restructuring • 25%
Deal completed as planned • 25%
Deal delayed but completed • 25%
Deal modified • 25%
Deal canceled • 25%
Bell • 25%
A new investor • 25%
Rogers (full ownership) • 25%
Other existing shareholders • 25%
Yes • 50%
No • 50%
Accepted without modifications • 25%
Accepted with modifications • 25%
Rejected • 25%
No decision made by deadline • 25%