Nordstrom Family and Mexican Retail Group to Acquire Nordstrom for $6.25 Billion

Reported about 10 hours ago

Nordstrom has reached an agreement for a $6.25 billion acquisition led by its family and a Mexican retail group, aiming to take the century-old department store private amid increasing competition. Shareholders will receive $24.25 per share, reflecting a 42% premium, while the Nordstroms will also assume over $2 billion in debt. The deal is expected to finalize in the first half of 2025, with the Nordstrom family gaining majority ownership.

Source: YAHOO

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