Nordstrom family and Liverpool propose going-private transaction to acquire Nordstrom, Inc.

Sep 04, 2024•11 months ago

Acquiring Company

Nordstrom

Acquired Company

El Puerto de Liverpool

Seattle

MexicoRetailRetailFashionE Commerce

Description

The special committee of the Board of Directors of Nordstrom, Inc. has received a proposal from the Nordstrom family and Liverpool, S.A.B. de C.V. to acquire all outstanding shares of the Company, other than those held by the family and Liverpool, for $23.00 per share in cash. The proposal, which involves a combination of rollover equity, cash commitments, and new bank financing, is being carefully reviewed to determine the best course of action for Nordstrom and all its shareholders.

Company Information

Company

Nordstrom

Location

Seattle, Washington, United States

About

Nordstrom, Inc. exists to help customers feel good and look their best. Founded in 1901 as a shoe store, Nordstrom has always put customer service at the heart of every decision. Today, its interconnected model allows customers to shop when, where, and how they prefer—across more than 350 Nordstrom, Nordstrom Local, and Nordstrom Rack locations, as well as through its apps and websites. With a focus on convenience, connection, and responsibility, Nordstrom remains committed to making a positive impact on the world.

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Based on deal data

Integration timeline

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Tech stack consolidation

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Post-acquisition investment

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