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.