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What will be Nordstrom's primary strategic focus post-privatization by end of 2025?
2
Resolution / Starting Odds
Expansion of physical stores • 25%
Enhancement of online presence • 25%
Focus on luxury segment • 25%
Diversification into new markets • 25%
Official announcements from Nordstrom or industry analysis reports
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
Expand international presence • 25%
Increase online sales • 25%
Focus on luxury segment • 25%
Other • 25%
Focus on online retail • 25%
Expansion of physical stores • 25%
Diversification into new markets • 25%
No significant change • 25%
Expansion in North America • 25%
Expansion in Latin America • 25%
Focus on e-commerce growth • 25%
Cost-cutting and restructuring • 25%
Increase in luxury offerings • 25%
Expansion of private label brands • 25%
Focus on sustainability initiatives • 25%
Diversification into new product categories • 25%
Reduce public market pressures • 25%
Strategic realignment • 25%
Financial restructuring • 25%
Other • 25%
Improved significantly • 25%
Improved slightly • 25%
No change • 25%
Declined • 25%
Deal completed as planned • 25%
Deal delayed but completed • 25%
Deal modified • 25%
Deal canceled • 25%
Strategic reasons • 25%
Financial reasons • 25%
Health of Bruce Nordstrom • 25%
Other • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease • 25%
Remain stable • 25%