Official press release from Nordstrom or financial news outlets confirming the deal's completion

Nordstrom to Go Private at $24.25 per Share in $6.25B Deal with Nordstrom Family and Liverpool

Dec 23, 2024, 05:05 PM

Nordstrom Inc. announced that it will be taken private in a $6.25 billion all-cash transaction led by the Nordstrom family and Mexican retailer El Puerto de Liverpool. Under the terms of the deal, shareholders will receive $24.25 per share, representing a 42% premium, plus a special $0.25 dividend. The Nordstrom family will hold 50.1% ownership, while Liverpool will own 49.9%. The company's board of directors unanimously approved the transaction, with Erik and Pete Nordstrom recusing themselves from voting. The deal is expected to close in mid-2025. The move aims to position Nordstrom for greater success away from the scrutiny of public markets.