Nordstrom Inc. Announces Transition to Private Ownership

Nordstrom Inc. is set to become a private company following a definitive agreement where the Nordstrom family and El Puerto de Liverpool will acquire all remaining shares. The all-cash transaction is valued at approximately $6.25 billion and reflects a 42 percent premium on pre-speculation stock prices. This strategic shift aims to enhance focus on long-term business goals, with the transition expected to finalize in the first half of 2025, pending regulatory approvals. The financing includes a combination of rollover equity, new cash commitments, and existing resources.

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