Market
What will be the primary reason cited for Nordstrom's decision to go private by March 31, 2025?
3
Resolution / Starting Odds
Reduce public market pressures • 25%
Strategic realignment • 25%
Financial restructuring • 25%
Other • 25%
Official statements from Nordstrom or interviews with executives
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
Deal completed as planned • 25%
Deal canceled • 25%
Deal modified • 25%
Deal delayed but completed • 25%
Diversification into new markets • 25%
Enhancement of online presence • 25%
Focus on luxury segment • 25%
Expansion of physical stores • 25%
Expansion in Latin America • 25%
Focus on e-commerce growth • 25%
Cost-cutting and restructuring • 25%
Expansion in North America • 25%
No significant change • 25%
Diversification into new markets • 25%
Focus on online retail • 25%
Expansion of physical stores • 25%
Other • 25%
Financing issues • 25%
Shareholder disapproval • 25%
Regulatory hurdles • 25%
Approved without conditions • 25%
Decision delayed • 25%
Approved with conditions • 25%
Rejected • 25%
Yes • 50%
No • 50%
No change • 25%
Improved significantly • 25%
Improved slightly • 25%
Declined • 25%