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What will be the outcome of the Nordstrom buyout proposal review by Dec 31, 2024?
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Resolution / Starting Odds
Accepted without modifications • 25%
Accepted with modifications • 25%
Rejected • 25%
No decision made by deadline • 25%
Official announcement from Nordstrom Inc. or relevant regulatory filings
Story
Nordstrom Family Proposes $3.76 Billion Buyout at $23 Per Share to Take Company Private
Sep 4, 2024, 02:35 PM
The Nordstrom family, in collaboration with the Mexican retail group El Puerto de Liverpool, has proposed a buyout to take Nordstrom Inc. private at $23 per share in cash. The offer values the century-old department store chain at approximately $3.76 billion. The proposal, which is non-binding, has been submitted to a special committee for review. The Nordstrom family, which owns around 33.4% of the company's outstanding shares, cited strategic reasons and the health of their father, Bruce Nordstrom, as motivations for the buyout. The offer includes a combination of rollover equity, cash, and $250 million in new bank financing. Anne E. Gittinger, who holds a 9.4% stake in Nordstrom, is also involved in the discussions.
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Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%
Decision delayed • 25%
Buyout completed at $23 per share • 25%
Buyout completed at a different price • 25%
Buyout proposal withdrawn • 25%
Buyout proposal still under negotiation • 25%
Anne E. Gittinger supports the buyout • 25%
Anne E. Gittinger opposes the buyout • 25%
Other major stakeholder supports the buyout • 25%
Other major stakeholder opposes the buyout • 25%
Yes • 50%
No • 50%
Expansion in North America • 25%
Expansion in Latin America • 25%
Focus on e-commerce growth • 25%
Cost-cutting and restructuring • 25%
Yes • 50%
No • 50%
Reduce public market pressures • 25%
Strategic realignment • 25%
Financial restructuring • 25%
Other • 25%