Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group for $6.25 billion, the company said Monday.
Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for nearly $4 billion in an all-cash deal, going private at a time when high-end retailers ...
“Today marks an exciting new chapter for the business,” Mr. Nordstrom said. “On behalf of my family, we look forward to working with our teams to ensure Nordstrom thrives long into the future.
Shares in Nordstrom fell as much as 1.3% on Monday in New York. The company’s stock was up 33% so far this year as of Friday’s close as reports of a take-private deal boosted the stock price.
The Nordstrom family will have a majority ownership ... The shares fell 1.5% to $24.16 at 12:11 p.m. in New York trading on Monday. The company’s stock was up 33% so far this year as of Friday ...