Reported 2 days ago
Nordstrom is set to transition back to private ownership in a $6.25 billion all-cash deal led by the Nordstrom family and investor El Puerto de Liverpool, following years of financial difficulties. The deal, which values the shares at $24.25 each—a 36% premium from earlier in the year—aims to provide Nordstrom the flexibility to make long-term strategic decisions away from public market pressures. Analysts see this as a potentially beneficial move for the company's future, despite expressing concerns over the purchase price during a time of declining earnings.
Source: YAHOO