"Nordstrom Family Weighing Taking Retailer Private; The Department-Store Chain Formed A Special Board Committee And Tapped Bankers To Consider A Potential Bid" - WSJ
Portfolio Pulse from Benzinga Newsdesk
The Nordstrom family is considering taking the retailer private and has formed a special committee to review any proposals from the family, according to the Wall Street Journal.
April 18, 2024 | 7:49 pm
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The Nordstrom family's consideration to take the company private could lead to significant stock price movements as the market reacts to the potential for a buyout at a premium.
When a company considers going private, especially with involvement from founding or major shareholders, it often leads to speculation of a buyout at a premium to the current stock price. This speculation can cause stock price increases in the short term as investors anticipate a possible lucrative exit.
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