Nordstrom to go private in $6.25 billion deal with Nordstrom family and Mexican retail group

Category: Business

Nordstrom has agreed to a $6.25 billion acquisition by family members and a Mexican retail group, allowing for potential long-term changes to improve sales amid competition from discount retailers. Shareholders will receive $24.25 per share, with the deal expected to close in the first half of 2025.

Keywords: Nordstrom, acquisition, retail

Source: CBS News

Update At: 12/24/2024

Related Sources

Boeing taps former Collins Aerospace CEO Kelly Ortberg to replace Dave Calhoun

Boeing has appointed Robert 'Kelly' Ortberg as its new CEO, effective August 8, to address ongoing safety and manufacturing challenges. Ortberg, a veteran in the aerospace industry and former CEO of Rockwell Collins, is expected to lead Boeing through a significant transition following recent leadership changes and financial losses.

CNBC

Boeing names new CEO after losses more than triple | Business

Boeing appointed Robert 'Kelly' Ortberg as its new CEO following a $1.4 billion core operating loss in Q2, significantly higher than the previous year. Ortberg, an engineer with a history in the aviation industry, replaces Dave Calhoun amid ongoing scrutiny of the company's safety and quality issues. His leadership is seen as a potential shift towards prioritizing engineering over finance.

CNN

Former Rockwell Collins CEO joins list of Boeing CEO candidates

Kelly Ortberg, former CEO of Rockwell Collins, is a leading candidate for Boeing's next CEO, alongside Pat Shanahan and Stephanie Pope. The Boeing board is expected to make a decision soon, potentially before the release of second quarter results on July 31.

The Air Current

Boeing Names Kelly Ortberg CEO to Succeed Dave Calhoun

Boeing Co. appointed Kelly Ortberg as its new CEO, facing significant turnaround challenges amid a reported steep loss in the second quarter.

Bloomberg.com

Boeing names new CEO as it posts a loss of more than $1.4 billion in second quarter

Boeing reported a loss of over $1.4 billion in Q2, with revenue down 15% year-over-year. Robert 'Kelly' Ortberg will replace David Calhoun as CEO amid ongoing challenges, including fraud allegations and supply-chain issues. The company is also seeking regulatory approval for new aircraft models and considering the design of a new single-aisle plane.

Yahoo Finance

Boeing has named its new CEO to lead the firm out of its crisis

Boeing has appointed Kelly Ortberg, the former CEO of Rockwell Collins, as its new CEO, expressing eagerness to begin the work ahead.

Business Insider

Boeing names new CEO after losses more than triple

Boeing appointed Robert K. 'Kelly' Ortberg as the new CEO following a $1.4 billion core operating loss in Q2, significantly higher than the previous year. Ortberg, an engineer by training, replaces retiring CEO Dave Calhoun amid ongoing scrutiny of the company's safety and quality issues.

WRAL.com

Boeing Names Robert Ortberg as Its Chief Executive

Boeing appointed Robert K. Ortberg as the new CEO to address challenges following a recent crisis. He will focus on cultural changes, supplier acquisition, supply chain improvements, and the development of new aircraft. Ortberg, a respected aerospace leader, takes over on August 8.

The New York Times

Boeing finally picked its new CEO

Boeing has appointed Robert 'Kelly' Ortberg as its new CEO, effective August 8, replacing David Calhoun amid ongoing controversies and regulatory scrutiny. Ortberg, a seasoned leader with a strong background in aerospace, aims to guide Boeing through a critical period, focusing on safety and quality. The company has faced significant challenges, including a recent net loss of $1.44 billion in the second quarter and ongoing safety concerns.

Quartz

Boeing loses more than $1.4 billion in second quarter, names longtime industry executive as CEO of troubled manufacturer

Boeing reported a loss exceeding $1.4 billion in the second quarter and appointed a seasoned industry executive as the new CEO to address ongoing challenges.

ABC News - Breaking News, Latest News and Videos