Nordstrom shares are trading higher after the company formed a committee to evaluate interest in a going-private transaction.
Portfolio Pulse from Benzinga Newsdesk
Nordstrom's stock price increased following the announcement that the company has established a committee to explore a potential going-private transaction.

April 19, 2024 | 10:49 am
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Nordstrom's announcement of forming a committee to evaluate a going-private transaction has led to an increase in its stock price.
The formation of a committee by Nordstrom to explore a going-private transaction typically signals potential significant changes in the company's structure and ownership, which can lead to increased investor interest and speculation. This often results in a short-term increase in stock price as investors anticipate possible premium offers for their shares.
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