Weighing Nordstrom’s Chances of Going Private - WWD

Dec 6, 2024 · The Nordstrom family made an offer to take Nordstrom Inc. private, but has remained tight-lipped on the process so far. Weighing Nordstrom's Chances of Going Private

CouponFollow Extension

76%
OFF

Nordstrom's Current Take Private Offer Is Fair, Pros Say, As Past ...

2 days from now

Sep 6, 2024 · In 2018, the company opted to reject the Nordstrom family's offer to take it private at around $50 per share. Its net earnings have dropped 76% from 2018 to 2023. The 123-year …

yahoo.com

$24.06
OFF

The Nordstrom Family And El Puerto De Liverpool Near A Deal To …

2 days from now

Dec 19, 2024 · Shares of Nordstrom Inc. rose 5.1 percent to $24.06 on Thursday after WWD reported that Erik and Pete Nordstrom were nearing a deal to buy the ... Weighing Nordstrom's …

yahoo.com

$6.25
OFF

Nordstrom Going Private $6.25B Deal With Founding Family, …

2 days from now

4 days ago · The planned all-cash transaction, worth $6.25 billion, comes about 10 months after Nordstrom set up a special committee for weighing proposals from the Nordstrom family.

foxbusiness.com

FAQs about Weighing Nordstrom’s Chances of Going Private - WWD Coupon?

Will Nordstrom go private?

Photo: Getty Images While Nordstrom Inc. wields name recognition as a decades-old retail chain that has gained traction of late, the company has agreed to go private for $6.25 billion as it faces competition from giants such as Amazon.com Inc. ...

Did Nordstrom announce a deal?

The announcement confirms a Dec. 18 report in WWD that the deal was imminent. Nordstrom common shareholders will receive $24.25 in cash for each share of common stock they hold. ...

Could Nordstrom's executives go private or work out another deal?

The executives - both four-decade-plus veterans of the retailer, who combined currently own about 9.5% of the company's outstanding common stock - could seek debt or equity financing to go private or work out another deal, according to a filing on Thursday. A prior attempt to take Nordstrom (JWN) private failed in 2018. ...

How much money does Nordstrom get from a buyout?

Nordstrom common shareholders will receive $24.25 in cash for each share of common stock they hold. The deal represents a premium of about 42 percent to the company’s unaffected closing stock price on March 18, which was the last trading day prior to media speculation about the potential transaction. Nordstrom’s board has approved the buyout. ...

Are Erik & Pete Nordstrom interested in a deal?

Erik and Pete Nordstrom —the company’s chief executive and president, respectively—recently told the board they are interested in exploring a deal for the company, Nordstrom said in a written statement Thursday, confirming an earlier Wall Street Journal report. Copyright © 2024 Dow Jones & Company, Inc. ...

Could Nordstrom takeover offer a higher valuation?

Through a private transaction, Nordstrom could reach a higher valuation, and preempt an unwanted bid for the company. Given its low stock price, at around $23.50, and the recent string of investor activity at department stores, including at Macy’s, Nordstrom seems vulnerable to takeover offers. ...