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Frankfurt - Delayed Quote EUR

El Puerto de Liverpool, S.A.B. de C.V. (PLV1.F)

4.1600

-0.0200

(-0.48%)

At close: April 4 at 3:29:02 PM GMT+2

Nordstrom Rack 'probably the future' of retailer as it goes private

Fashion retailer Nordstrom (JWN) is going private in a $6.25 billion buyout agreement by members of the Nordstrom family and Mexican retail group El Puerto de Liverpool (ELPQF, PLV1.F) The deal could bode well for Nordstrom from a buyer’s perspective, as the massive retail chain is still "undervalued at this price," Morningstar senior equity analyst David Swartz explains to Yahoo Finance. Swartz joins Market Domination hosts Josh Lipton and Seana Smith to expand more on Nordstrom’s buyout. "I do think that it's a very good deal for the buyout group," Swartz explains. "I also understand that there's a reason why Nordstrom probably should go private, and that's because investors just are not giving good valuations to department store companies right now." The analyst goes on to say that as Nordstrom opens up more Nordstrom Rack locations, "that's really probably the future of the company. Even though Rack is smaller than the main Nordstrom stores, but Rack is probably better positioned for the type of retail market that we have today." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch

Yahoo Finance Video 3 months ago

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ELPQF
Nordstrom is going private in $6.25B all-cash deal

Nordstrom (JWN) is going private as the Nordstrom family and a Mexican retail group, El Puerto de Liverpool (ELPQF), acquire all outstanding common shares in a $6.25 billion all-cash transaction. Brad Smith and Brian Sozzi break down what investors need to know and what this could mean for department store competitor Macy's (M). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.

Yahoo Finance Video 3 months ago

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Santa Claus rally, Nordstrom goes private, Nvidia: 3 Things

US stock futures are mixed (ES=F, NQ=F, YM=F) Monday morning as investors remain hopeful of a Santa Claus rally to refresh the market (^DJI, ^IXIC, ^GSPC) ahead of the new year. The Nordstrom family and Mexican retailer El Puerto de Liverpool (ELPQF, PLV1.F) are acquiring Nordstrom, Inc. (JWN) in a $6.25 billion deal set to take the company private. While Nvidia (NVDA) shares have slipped lower in recent weeks, some on Wall Street are even anticipating slowing growth to come for the chip giant in 2025. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 3 months ago

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NVDA

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Nordstrom to Be Acquired by Nordstrom Family and Liverpool

Nordstrom, Inc. (NYSE: JWN) today announced it has signed a definitive agreement under which Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the "Nordstrom Family") and El Puerto de Liverpool, S.A.B. de C.V. ("Liverpool") (BMV: LIVEPOL) will acquire all of the outstanding common shares of Nordstrom not already beneficially owned by the Nordstrom Family and Liverpool in an all-cash transaction valued at approximately $6.25 billion on an enterprise basis. Follo

PR Newswire 3 months ago

JWN

ELPQF
Nordstrom family makes $3.76B offer to take retailer private

Department store Nordstrom (JWN) received a $3.8 billion buyout offer from a group comprised of Erik Nordstrom, Peter Nordstrom, other members of the family, and Mexican retailer El Puerto de Liverpool (LIVEPOL1.MX, LIVEPOLC-1.MX). Great-grandsons of Nordstrom founder John W. Nordstrom, Erik currently serves as Nordstrom's CEO while Peter holds the position of president. Catalysts anchors Madison Mills and Brad Smith outline the group's plan to take Nordstrom private through this buyout proposal. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 6 months ago

LIVEPOL1.MX

LIVEPOLC-1.MX

JWN

Performance Overview

Return	PLV1.F	S&P/BMV IPC (^MXX)
YTD	-6.31%	+3.92%
1-Year	-12.83%	-11.11%
3-Year	-1.30%	-8.63%