Nordstrom Family Proposes $3.8 Billion Buyout in Second Attempt to Go Private

The Nordstrom family, led by brothers Erik and Pete Nordstrom, alongside Mexican retailer Liverpool, has made a $3.8 billion offer to take Nordstrom Inc. private. This proposal involves purchasing all outstanding shares for $23 each, roughly equal to the current stock price, and mirrors an unsuccessful attempt in 2017 when they offered $50 per share. The strategic move aims to remove the company from public market pressures, enabling a focus on long-term growth strategies free from the quarterly scrutiny of Wall Street. The bid comes as Nordstrom shows signs of operational improvement and a stronger financial position compared to its department store peers.

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