Nordstrom family will take retailer private in $4 bln deal

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 …

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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 …

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Nordstrom Family Will Take Retailer Private In $4 Billion Deal

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2 days ago · (Reuters) -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 …

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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% …

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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 …

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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

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Nordstrom Founding Family To Take Retailer Private For $4 Billion

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The $24.25-per-share deal is 42% higher than the stock's close on March 18, a day before Reuters exclusively reported that the founding family was seeking to take Nordstrom private …

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What Going Private Means To Nordstrom Inc. - WWD

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2 days ago · The Nordstrom's family deal to take the company private was approved by the board, should close in the first half of 2025. ... the $4 billion proposal by the Nordstrom family and …

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Nordstrom Family Secures $6.25 Billion Deal To Take Company Private

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3 days ago · Nordstrom is going private. Erik, Pete and Jamie Nordstrom, along with the rest of the family, have joined with Mexican retailer El Puerto de Liverpool to buy the US department …

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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 …

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Nordstrom To Be Taken Private By Founding Family For $4 Bln

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2 days ago · STORY: The founding family of Nordstrom has secured a deal to take the department store chain private. Led by CEO Erik Nordstrom and President Pete Nordstrom, …

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Nordstrom Family Reaches $4 Billion Deal To Take Retailer Private

4 days from now

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 …

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Nordstrom Family To Take Chain Private In $6.25 Billion Deal

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2 days ago · The Nordstrom family is joining forces with a Mexican retailer to take its namesake department store private in an all-cash transaction valued at about $6.25 billion, including …

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Nordstrom Is Going Private - LinkedIn

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3 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 …

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Nordstrom To Be Taken Private By Founding Family For $4 Bln

4 days from now

2 days ago · STORY: The founding family of Nordstrom has secured a deal to take the department store chain private.Led by CEO Erik Nordstrom and President Pete Nordstrom, the …

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FAQs about Nordstrom family will take retailer private in $4 bln deal 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. ...