Nordstrom to be acquired for $6.25 billion by Nordstrom family members, Mexican company

Category: Business

Nordstrom is set to be acquired for $6.25 billion by family members and a Mexican department store chain, with shareholders receiving $24.25 per share plus a potential special dividend. The deal will take Nordstrom private, with the Nordstrom family holding a majority stake, and is expected to close in the first half of 2025.

Keywords: Nordstrom, acquisition, private equity

Source: USA TODAY

Update At: 12/24/2024

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