Nordstrom Announces It Will Go Private As Namesake Family Retakes Control Of $6.25 Billion Retailer
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Nordstrom is set to go private as the Nordstrom family regains control of the $6.25 billion retailer. The company will transition from being publicly traded after 53 years.
December 23, 2024 | 2:45 pm
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Nordstrom will go private as the Nordstrom family takes a controlling stake, ending its 53-year public status.
The announcement that Nordstrom will go private is significant for JWN investors as it indicates a major change in the company's structure and ownership. This move could lead to a short-term increase in stock price as the market reacts to the buyout and potential premium offered to current shareholders.
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