Market
Will Nordstrom announce a new strategic initiative post-privatization in 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements or press releases from Nordstrom
Story
Nordstrom to Go Private at $24.25/Share, a 42% Premium, in $6.25B Deal with Family, Liverpool
Dec 23, 2024, 02:31 PM
Nordstrom Inc., the century-old department store chain, has agreed to be acquired and taken private by its founding family and Mexican retail conglomerate El Puerto de Liverpool in an all-cash transaction valued at approximately $6.25 billion, including debt. Shareholders will receive $24.25 per share in cash—a 42% premium over the company's recent stock price—and a special $0.25 dividend. Liverpool is investing $1.712 billion to acquire a 49% stake, while the Nordstrom family will hold majority control. The Nordstrom board of directors unanimously approved the deal, with Erik and Pete Nordstrom recusing themselves from the vote. The family believes the company will be more successful without the scrutiny of the public markets.
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Similar markets
Expansion of physical stores • 25%
Diversification into new markets • 25%
No significant change • 25%
Focus on online retail • 25%
Expansion in Latin America • 25%
Focus on e-commerce growth • 25%
Cost-cutting and restructuring • 25%
Expansion in North America • 25%
Expand international presence • 25%
Other • 25%
Focus on luxury segment • 25%
Increase online sales • 25%
Expansion of private label brands • 25%
Increase in luxury offerings • 25%
Diversification into new product categories • 25%
Focus on sustainability initiatives • 25%
Deal completed as planned • 25%
Deal delayed but completed • 25%
Deal modified • 25%
Deal canceled • 25%
Improved slightly • 25%
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Declined • 25%
Yes • 50%
No • 50%
Reduce public market pressures • 25%
Other • 25%
Financial restructuring • 25%
Strategic realignment • 25%