Market
Will Nordstrom's share price reach $24.25 before acquisition completion?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Stock market data from exchanges like NYSE or financial market data providers like Bloomberg
Story
Nordstrom to Be Acquired by Family and Liverpool for $6.25B in All-Cash Deal, $24.25 Per Share, 42% Premium
Dec 23, 2024, 01:45 PM
Nordstrom Inc. has announced it will be acquired by the Nordstrom family and the Mexican retail group El Puerto de Liverpool in an all-cash transaction valued at $6.25 billion. Shareholders will receive $24.25 per share, representing a 42% premium. The deal aims to take the retailer private, with the Nordstrom family expressing that the company will be more successful without the scrutiny of public markets. This acquisition follows a broader trend in the retail sector, as companies seek to streamline operations and focus on long-term growth strategies.
View original story
Similar markets
More than $25 • 25%
$24.26 to $25 • 25%
$24.25 • 25%
Less than $24 • 25%
Deal completed as planned • 25%
Deal modified • 25%
Deal delayed but completed • 25%
Deal canceled • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase by more than 5% • 25%
No change • 25%
Increase by up to 5% • 25%
Decrease • 25%