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

Mon, Dec 23, 2024, 7:52 AM

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).

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This post was written by Naomi Buchanan.