Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal

Category: Business

Nordstrom has agreed to a $6.25 billion acquisition by family members and a Mexican retail group, allowing the company to go private. Shareholders will receive $24.25 per share, representing a 42% premium. The deal aims to provide the company with more flexibility to revitalize its operations amid increasing competition from discount retailers. The transaction is expected to close in the first half of 2025.

Keywords: Nordstrom, acquisition, retail

Source: ABC7 Los Angeles

Update At: 12/24/2024

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