Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer
Publishing timestamp: 2024-12-23 10:36:08
Summary
Nordstrom will become a private company after agreeing to a buyout deal valued at $6.25 billion from the founding family and Mexican retailer El Puerto de Liverpool. Shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold. The deal is expected to close in the first half of 2025.
Sentiment: MIXED
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