December 23, 2024
Nordstrom said Monday that it would be taken private after agreeing to be acquired by members of the Nordstrom family and a Mexican department store company. The Nordstrom family and El Puerto de Liverpool will purchase all outstanding common shares they don’t already own in a cash transaction valued at roughly $6.25 billion on an enterprise basis, Nordstrom said. Shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold.