Name: Nordstrom to be acquired by Nordstrom family and a Mexican retail group for $6.25 billion
Uploaded: 2024-12-24T01:32:19Z
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Nordstrom to be acquired by Nordstrom family and a Mexican retail group for $6.25 billion

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Description

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. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company's stock as of March 18, when reports of a potential transaction was reported by the media. READ MORE: https://www.king5.com/article/money/business/nordstrom-acquisition-family-mexican-retail-group/281-6a9c3288-7f81-4d87-a623-17006c3f489e

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