Nordstrom Family Makes $3.8 Billion Play To Take Company

Sep 4, 2024 · The Nordstrom family and El Puerto de Liverpool have offered $3.8 billion to take the company private, bringing the department store group back into the family’s hands.

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Nordstrom Family Makes $3.8 Billion Play To Take Company

23 hours ago

Sep 4, 2024 · The Nordstrom family and El Puerto de Liverpool have offered $3.8 billion to take the company private, bringing the department store group back into the family’s hands.

forbes.com

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Nordstrom Family Buys Back Retailer At $6.25 Billion Valuation

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Dec 23, 2024 · Tangent. Nordstrom’s full-year revenue peaked at $15.9 billion in 2019 and net profit at $735 million in 2014, with consensus analyst forecasts calling for $14.8 billion in …

forbes.com

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Nordstrom Family Makes $3.8 Billion Offer To Take Retailer Private …

23 hours ago

In 2017, a group of family members made a similar effort that was ultimately suspended, and in March 2018, Nordstrom's board rejected a higher, roughly $8.4 billion, bid from the founding …

msn.com

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Nordstrom Family Regains Control Of Namesake Company With …

23 hours ago

5 days ago · Nordstrom Inc. has accepted a bid valued at $6.25 billion from the Nordstrom family and Mexican retailer El Puerto de Liverpool to take the company private. ... the Nordstrom clan …

forbes.com

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Nordstrom Family Offers $3.8B To Take Upscale Retailer Private

23 hours ago

Sep 4, 2024 · The Nordstrom family offered $3.8 billion to take the company private -- a steep discount from a bid it made six years earlier as department stores continue to get slammed by …

nypost.com

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What’s Behind Nordstrom Family’s $3.8B Play To Take Control Of …

23 hours ago

Sep 4, 2024 · Peter and Erik Nordstrom have offered to take the Seattle-based company private for $23 per share, with financial backing from the rest of their family and Mexican department …

seattletimes.com

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Nordstrom To Be Acquired By Nordstrom Family And A Mexican …

23 hours ago

Dec 23, 2024 · Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, or about $4 billion in all, representing a 42% premium on the company's stock …

yahoo.com

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Nordstrom Family Strikes Deal To Buy Out Namesake Chain

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Dec 23, 2024 · Including debt, the deal values Nordstrom at $6.25 billion, the company said in a statement. Shareholders will receive $24.25 in cash for each share of Nordstrom common …

nytimes.com

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Nordstrom To Go Private In $6.25 Billion Deal With Nordstrom …

23 hours ago

Dec 23, 2024 · Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock they own, or about $4 billion in all, representing a 42% premium on the …

cbsnews.com

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Nordstrom Family Bids To Take Chain Private For $3.8 Billion

23 hours ago

Sep 4, 2024 · The Nordstrom family is looking to take their namesake department store chain private in a proposed $3.8 billion deal. Erik and Peter Nordstrom , the great grandsons of …

bloomberg.com

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Nordstrom Family Makes $6.25B Play To Regain Control Of Seattle …

23 hours ago

Dec 23, 2024 · Nordstrom has agreed to be acquired by a coalition of Nordstrom family members and Mexican department store chain El Puerto de Liverpool in an all-cash deal valued at $6.25 …

seattletimes.com

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Nordstrom Family Nears Deal To Buy Company - WWD

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Dec 19, 2024 · The family and the Mexican retailer offered to buy Nordstrom for $23 a share, or $3.8 billion, in September — seven years after the Nordstroms tried to buy the company at …

wwd.com

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Nordstrom Family Will Take Retailer Private In $4 Bln Deal

23 hours ago

Dec 23, 2024 · The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a $4 billion deal to take iconic department store chain Nordstrom private, six years after a similar …

reuters.com

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Nordstrom Family To Take High-end Retail Chain Private In $4B

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At the time of the proposal, the Nordstrom family owned about 54.6 million shares, or 33.4% stake in the company. Liverpool owned 15.8 million shares, or nearly 10% of the shares.

msn.com

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Nordstrom To Be Taken Private In $6.25 Billion Deal - Fast Company

23 hours ago

Dec 24, 2024 · Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, or about $4 billion in all, representing a 42% premium on the company’s stock …

fastcompany.com

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Nordstrom Family, Mexican Retailer Liverpool To Take Store Chain ...

23 hours ago

Dec 23, 2024 · The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a US$4-billion deal to take iconic department store chain Nordstrom private, six years after a similar …

theglobeandmail.com

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Who Is The Nordstrom Family? Department Store Goes Private In …

23 hours ago

Dec 24, 2024 · The Nordstrom department store chain is set to go private after the Nordstrom family announced on Monday that it had made a $6.25 billion deal to buy all remaining shares …

newsweek.com

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Nordstrom Family Reaches $4 Billion Deal To Take Retailer Private

23 hours ago

The family made a $3.8 billion offer for Nordstrom in September, joining up with El Puerto de Liverpool on the $23-per-share proposal. Nordstrom’s stock has hovered around that price in …

msn.com

FAQs about Nordstrom Family Makes $3.8 Billion Play To Take Company Coupon?

Why did the Nordstrom family offer $3.8 billion?

The Nordstrom family offered $3.8 billion to take the company private -- a steep discount from a bid it made six years earlier as department stores continue to get slammed by dwindling mall traffic. ...

Who owns Nordstrom?

Led by great-grandsons and brothers CEO Erik and president Peter, along with chief merchandising officer cousin Jamie and the rest of the extended family, the Nordstrom clan has struck an all-cash deal valued at $6.25 billion to take the company private after more than 50 years trading as a public company. ...

How much is the Nordstrom family worth?

John W. Nordstrom founded the department store chain in 1901. The Nordstrom family was worth $3.8 billion in 2015, its most recent appearance on Forbes’ list of America’s wealthiest families. ...

Did Nordstrom get a $4 billion deal?

The founding family of Nordstrom clinched a $4 billion deal to take the struggling department-store chain private. ...

How much will Nordstroms pay its shareholders?

“We look forward to building on that commitment in this next phase of the Company’s evolution.” If the deal is approved, shareholders will receive $24.25 per share for a total of about $4 billion. The Nordstroms will pick up about $2 billion of the company’s debt. ...

Did Nordstrom make a $50 per share offer?

In 2018, the Nordstrom family, which held about one-third of company stock at the tome, made a $50 per share offer for the company in partnership with private equity firm Leonard Green & Partners. It was a deal valued at $8.4 billion, according to Bloomberg. The board rejected that offer, calling it inadequate. ...