Getty Nordstrom said it rejected a takeover offer from members of the Nordstrom family. They called the price "inadequate." The family members — who are decedents of founder John W. Nordstrom — own about a 30% stake in the company. NEW YORK (AP) — Department store operator Nordstrom said Monday it had rejected a takeover offer from members of the Nordstrom family, calling the price "inadequate." The family group, including co-presidents Blake, Peter and Erik Nordstrom, offered $50 in cash for each share of the company that the family doesn't own, plus the same price for about 21 percent of the company that individual family members own.
Nordstrom Rejects 'inadequate' Buyout Deal From Nordstrom Family
Feedburner, Business Insider
Mon, 03/05/2018 - 6:32pm
BING NEWS:
- Nordstrom to go private after family-led buyout for $6.25bn
After the acquisition, the Nordstrom family will own a 50.1% stake while El Puerto de Liverpool will hold the remaining 49.9%.
12/24/2024 - 5:29 am | View Link - After reaching a buyout deal, Nordstrom will go private
The department store will be acquired by members of the Nordstrom family and the company El Puerto de Liverpool.
12/24/2024 - 1:08 am | View Link - Nordstrom Returns to Privatization with $6.25B Buyout Deal
Posted on Dec 24, 2024 Dec 24, 2024 by Mia Garcia The upscale departmental store Nordstrom has undergone a privatization deal for $6.25 billion with its family members and a Mexican department store ...
12/23/2024 - 11:00 am | View Link - Nordstrom Family Reaches Deal to Take Retail Chain Private
In an effort to take Nordstrom private, a deal with El Puerto de Liverpool will include the assumption of over $2 billion in Nordstrom's debt.
12/23/2024 - 10:46 am | View Link - What investors need to know about Nordstrom's landmark buyout deal
Nordstrom (NYSE:JWN) agreed on Monday to a deal to be acquired by a consortium that included brothers Erik and Pete Nordstrom, great-grandsons of company founder John Nordstrom, and Mexican retail ...
12/23/2024 - 3:51 am | View Link - More
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