Nordstrom Inc. is going private in a deal led by members of the founding Nordstrom family and Mexican department store El Puerto de Liverpool. The family will own a majority stake in the company, with 50.1%, while Liverpool will own 49.9%. Common shareholders will receive $24.25 in cash for each share they hold.
1. Light, but bright, meanwhile, had a smaller gain, adding just 66.69 points higher, or 0.16%. Trading was light Monday, which is expected to continue today. The market will close at 1 p.m. for the Christmas Eve holiday. Followworth roughly $6.25 billion from members of the founding Nordstrom family and the Mexican department store El Puerto de Liverpool. The family will have majority ownership of the private company , with 50.1%, while Liverpool will own 49.9%.
The FDA said tirzepatide, the main ingredient in Eli Lilly's weight loss drug Zepbound, is no longer in shortage. That means patients will likely be unable to access compounded — or cheaper, off-brand — versions of the drug that compounding pharmacies were legally allowed to make during the shortage. Six patients told CNBC that they're worried about the price of the brand-name medicine.
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Nordstrom Private Company Family Deal El Puerto De Liverpool Shareholders
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Nordstrom Family, El Puerto de Liverpool to Take Company Private in $6.25 Billion DealThe Nordstrom family and Mexican retailer El Puerto de Liverpool have reached an agreement to take Nordstrom private in a $6.25 billion deal.
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Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion dealCentury-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition.
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Nordstrom to be acquired by Nordstrom family and a Mexican retail group for $6.25 billionCentury-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group for $6.25 billion, the company said Monday.
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Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion dealCentury-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition.
Read more »