Nordstrom (JWN) Stock

US benchmark stock indexes were generally up during the day as investors evaluated the newest economic information.

The Nordstrom family now owns the department store chain bearing their name. Erik, Pete and Jamie Nordstrom and other members of their family, along with Mexican retailer Puerto de Liverpool, announced a deal Monday (Dec. 26) to acquire all of Nordstrom's outstanding common stock.

The family that founded Nordstrom and El Puerto de Liverpool are buying Nordstrom, paving the way for the retailer to return to operating as a privately held company.

Telsey Advisory Group CEO and Chief Research Officer Dana Telsey reacts to the Nordstrom family joining forces with a Mexican retailer to take its namesake department store private in an all-cash transaction valued at about $6.25 billion, including debt. Sign up for the Wealth newsletter, a guide to your money, delivered weekly: https://bloom.bg/3R5A4Ue -------- More on Bloomberg Television and Markets Like this video?

Nordstrom, Inc. (NYSE:JWN) has announced that it will be acquired by the retail chain's founding family and El Puerto de Liverpool in an all-cash transaction valued at approximately $6.25 billion, including debt.  Under the agreement, Nordstrom's shareholders will receive $24.25 per share, representing a 42% premium over the company's share price on March 18, 2024, before speculation emerged surrounding a potential deal.

MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Nordstrom (NYSE: JWN) for possible breaches of fiduciary duty and other violations of law in its transaction with the Nordstrom Family and Liverpool. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common.

Nordstrom will become a private company after it agreed to a buyout deal valued at $6.25 billion from Nordstrom's founding family and Mexican retailer El Puerto de Liverpool. Common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold, according to a press release.

The Seattle-based department store chain Nordstrom announced Monday it agreed to a transaction which will give the Nordstrom family a controlling stake in the retailer, which will go private after a 53-year stint as a public company as the fourth generation of Nordstroms retake control.

The high-end fashion retailer is going private.