Official financial reports from Nordstrom or shareholder communications

Nordstrom ($JWN) to Go Private in $6.25B Deal with Family and Liverpool at $24.25/Share

Dec 23, 2024, 02:00 PM

Nordstrom Inc. ($JWN) announced that it will be taken private in an all-cash transaction valued at $6.25 billion. The deal involves the Nordstrom family partnering with Mexican retail group El Puerto de Liverpool to acquire the company for $24.25 per share, representing a 42% premium over the stock's recent closing price. The agreement includes a special dividend of $0.25 per share. Nordstrom's board of directors unanimously approved the transaction, with Erik and Pete Nordstrom recusing themselves from the vote. The company believes it will be more successful without the scrutiny and demands of the public market.