Department Store Rivals Take Little Solace From Nordstrom Take-Private Deal
After multiple failed attempts, the Nordstrom family—with the help of another investor—is finally taking their namesake department store private. What does this mean for other department stores? Nordstrom on Monday announced that it had agreed to be taken private by the family,
Department store Nordstrom agrees to be acquired and taken private
(ABC 6 News) — The department store Nordstrom has agreed to be acquired and taken private in a deal worth over $6 billion. The company says it reached an agreement with Nordstrom family members and a Mexican retail group. Nordstrom’s board of directors unanimously approved the deal. Stockholders will receive $24.25 for each share of the stock.
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The Nordstrom department store chain is set to go private after the Nordstrom family announced on Monday that it had made a $6.25 billion deal to buy all remaining shares in the company alongside ...
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