Market
Will Nordstrom announce a new CEO by December 31, 2025 after going private?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Nordstrom or reliable business news sources
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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New CFO appointed • 25%
No changes in top leadership • 25%
Other executive changes • 25%
New CEO appointed • 25%
Yes • 50%
No • 50%
Deal completed as planned • 25%
Deal canceled • 25%
Deal modified • 25%
Deal delayed but completed • 25%
No significant change • 25%
Focus on online retail • 25%
Expansion of physical stores • 25%
Diversification into new markets • 25%
Expansion in North America • 25%
Cost-cutting and restructuring • 25%
Focus on e-commerce growth • 25%
Expansion in Latin America • 25%