Nordstrom Family Reaches $4 Billion Deal to Take Retailer Private

The founding family of Nordstrom clinched a $4 billion deal to take the struggling department-store chain private. The details. The department-store chain said Monday that Erik, Pete and Jamie ...


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Nordstrom Family Reaches $4 Billion Deal To Take Retailer Private

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The founding family of Nordstrom clinched a $4 billion deal to take the struggling department-store chain private. The details. The department-store chain said Monday that Erik, Pete and Jamie ...

msn.com

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Nordstrom Family Buys Back Retailer At $6.25 Billion Valuation

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2 days ago  · The family will take a majority 50.1% stake in the newly private Nordstrom and take the company private upon completion of the all-cash deal, which will give Liverpool a 49.9% …

forbes.com

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Nordstrom Family Will Take Retailer Private In $4 Bln Deal

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2 days ago  · The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a $4 billion deal to take iconic department store chain Nordstrom private, six years after a similar attempt …

reuters.com

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Nordstrom Family To Take High-end Retail Chain Private In $4B Deal ...

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Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for nearly $4 billion in an all-cash deal, going private at a time when high-end …

msn.com

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Nordstrom Family Reaches $4 Billion Deal To Take Retailer Private

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The founding family of Nordstrom JWN 0.17% increase; green up pointing triangle clinched a $4 billion deal to take the struggling department-store chain private. The details

wsj.com

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Nordstrom Family To Take Chain Private In $6.25 Billion Deal

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2 days ago  · Reports of a take-private deal have helped boost the stock price. The equity value of the offer is equivalent to $4.2 billion, a company spokeswoman said. The board’s acceptance …

bnnbloomberg.ca

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Nordstrom Family Offers $3.8B To Take Upscale Retailer Private

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Sep 4, 2024  · The Nordstrom family offered $3.8 billion to take the company private -- a steep discount from a bid it made six years earlier as department stores continue to get slammed by …

nypost.com

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Nordstrom Family Racks Up $3.8 Billion To Take Retailer Private

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Sep 4, 2024  · Brothers Erik and Peter Nordstrom submitted a nearly $4 billion bid today to take the famed department store that bears their family name private, the company announced.. …

jckonline.com

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Nordstrom Family To Take Chain Private In $6.25 Billion Deal

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2 days ago  · Nordstrom family to take chain private in $6.25 billion deal BY Bloomberg Shoppers walk into a Nordstrom department store at Fashion Valley, an upscale shopping mall on …

fortune.com

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Nordstrom Family Reaches Deal To Take Retail Chain Private - MSN

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2 days ago  · What's New. N ordstrom has reached a $6.25 billion buyout deal led by members of the Nordstrom family and Mexican retail giant El Puerto de Liverpool in an effort to take the …

msn.com

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Nordstrom Family Reaches $4 Billion Deal To Take Retailer Private

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2 days ago  · Nordstrom (JWN) is going private as the Nordstrom family and a Mexican retail group, El Puerto de Liverpool (ELPQF), acquire all outstanding common shares in a $6.25 …

yahoo.com

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Who Is The Nordstrom Family? Department Store Goes Private In …

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1 day ago  · The Nordstrom department store chain is set to go private after the Nordstrom family announced on Monday that it had made a $6.25 billion deal to buy all remaining shares in the …

newsweek.com

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Nordstrom's Founding Family Tries To Take Retailer Private Again

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Sep 4, 2024  · Nordstrom's founding family offered to take its namesake department store chain private for $23 per share, according to a Wednesday morning SEC filing.. Why it matters: The …

axios.com

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Nordstrom Family Takes Department Store Chain Private In $6.25 …

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2 days ago  · Members of the Nordstrom family are taking its namesake department store chain private with Mexican retailer El Puerto de Liverpool, in a deal announced Monday that values …

washingtonpost.com

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Nordstrom To Evaluate Founding Family's Interest In Pursuing Take ...

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Apr 18, 2024  · Nordstrom's shares were up 1.6% in extended trading, after closing up 4.4% at $18.74 on Thursday. The retailer had a market capitalization of about $3.06 billion, according …

usnews.com

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Nordstrom Family Makes $3.76 Billion Bid To Take Retailer Private

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Sep 10, 2024  · Nordstrom Inc.’s founding family has submitted a $3.76 billion proposal to take the department store chain private. Led by Erik Nordstrom, Nordstom’s CEO, and Peter …

digitalcommerce360.com

FAQs about Nordstrom Family Reaches $4 Billion Deal to Take Retailer Private Coupon?

Is Nordstrom going private?

Getty Images Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for nearly $4 billion in an all-cash deal, going private at a time when high-end retailers are grappling with slow demand. ...

Did Nordstrom get a $4 billion deal?

The founding family of Nordstrom clinched a $4 billion deal to take the struggling department-store chain private. ...

Who owns Nordstrom?

Nordstrom, which has more than 350 locations, will go from public to private as a result of the deal and the Nordstrom Family will have a majority ownership stake, according to the company. Members of the Nordstrom family collectively own 33.4% of the company, reported Digital Commerce 360, an e-commerce research and media outlet. ...

Why did the Nordstrom family offer $3.8 billion?

The Nordstrom family offered $3.8 billion to take the company private -- a steep discount from a bid it made six years earlier as department stores continue to get slammed by dwindling mall traffic. ...

How is the Nordstrom take-private deal financed?

The take-private deal will be financed through a combination of rollover equity by the Nordstrom family and Liverpool, cash commitments by Liverpool, up to $450 million in borrowings under a new $1.2 billion ABL bank financing, and company cash on hand. ...

Who owns Nordstrom & Liverpool?

In September, the family tried once again — only this time teaming up with Liverpool to offer shareholders a deal at $23 per share at a valuation of $3.76 billion. At the time of the proposal, the Nordstrom family owned about 54.6 million shares, or 33.4% stake in the company. Liverpool owned 15.8 million shares, or nearly 10% of the shares. ...

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