Nordstrom will become a private company after agreeing to a buyout valued at $6.25 billion. The deal is led by Nordstrom's founding family and Mexican retailer El Puerto de Liverpool. Common shareholders will receive $24.25 per share. The transaction is expected to close in the first half of 2025, with the Nordstrom family holding a majority stake of 50.1% and Liverpool owning 49.9%.
Nordstrom will become a private company after it agreed to a buyout deal valued at $6.25 billion from Nordstrom 's founding family and Mexican retailer El Puerto de Liverpool.
In September, the Nordstrom family offered $23 a share for the chain, which valued the company at roughly $3.76 billion.it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom's founding family and Mexican department store El Puerto de Liverpool.The company's board of directors unanimously approved of the transaction, which is expected to close in the first half of 2025.
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