Nordstrom To Be Taken Private by Founding Family in $6.25B Deal
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Nordstrom is set to be taken private by its founding family and El Puerto de Liverpool in a $6.25 billion deal, removing it from the stock market.
December 23, 2024 | 5:30 pm
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Nordstrom will be taken private by its founding family and El Puerto de Liverpool in a $6.25 billion deal, leading to its removal from the stock market.
The acquisition deal will result in Nordstrom being taken private, which typically leads to a premium on the current stock price as investors anticipate the buyout. This is a significant event for JWN shareholders as it will result in the stock being delisted.
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