Nordstrom Inc Working With Morgan Stanley And Centerview Partners In Attempt To Go Private, Sources Say
Portfolio Pulse from Benzinga Newsdesk
Nordstrom Inc is exploring the possibility of going private with the assistance of Morgan Stanley and Centerview Partners. The company's founding family is revisiting this idea six years after a previous attempt failed. They are currently gauging interest from private equity firms for a potential deal, although there is no guarantee that a deal will materialize.
March 19, 2024 | 1:32 pm
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Nordstrom Inc is exploring options to go private, potentially impacting its stock as markets react to the uncertainty and prospects of a buyout.
The news of Nordstrom considering going private could lead to speculative trading, impacting its stock price. However, without certainty of a deal, the direction is unpredictable, hence a neutral score. The relevance is high as it directly involves the company, and the importance is significant due to the potential major change in company structure. Confidence is moderated by the uncertainty of the deal's completion.
CONFIDENCE 75
IMPORTANCE 90
RELEVANCE 100