Market
What will be Nordstrom's primary market strategy focus after going private by December 31, 2025?
2
Resolution / Starting Odds
Expand international presence • 25%
Increase online sales • 25%
Focus on luxury segment • 25%
Other • 25%
Official announcements from Nordstrom or industry reports
Story
Nordstrom ($JWN) to Go Private in $6.25B Deal with Family and Liverpool at $24.25/Share
Dec 23, 2024, 02:00 PM
Nordstrom Inc. ($JWN) announced that it will be taken private in an all-cash transaction valued at $6.25 billion. The deal involves the Nordstrom family partnering with Mexican retail group El Puerto de Liverpool to acquire the company for $24.25 per share, representing a 42% premium over the stock's recent closing price. The agreement includes a special dividend of $0.25 per share. Nordstrom's board of directors unanimously approved the transaction, with Erik and Pete Nordstrom recusing themselves from the vote. The company believes it will be more successful without the scrutiny and demands of the public market.
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Similar markets
Focus on luxury segment • 25%
Enhancement of online presence • 25%
Expansion of physical stores • 25%
Diversification into new markets • 25%
Focus on online retail • 25%
Expansion of physical stores • 25%
Diversification into new markets • 25%
No significant change • 25%
Cost-cutting and restructuring • 25%
Expansion in Latin America • 25%
Focus on e-commerce growth • 25%
Expansion in North America • 25%
Expansion of private label brands • 25%
Increase in luxury offerings • 25%
Diversification into new product categories • 25%
Focus on sustainability initiatives • 25%
Decrease • 25%
Increase by more than 5% • 25%
Increase by up to 5% • 25%
No change • 25%
Improved significantly • 25%
Declined • 25%
No change • 25%
Improved slightly • 25%
Deal modified • 25%
Deal completed as planned • 25%
Deal canceled • 25%
Deal delayed but completed • 25%
Yes • 50%
No • 50%