Nordstrom acquired by El Puerto de Liverpool in a move to go private

From Nasdaq: 2024-12-27 14:24:00

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Nordstrom is being acquired by El Puerto de Liverpool for more than $24 per share in cash, with the Nordstrom family retaining a majority ownership as the company goes private. The move reflects the challenges faced by public companies like Nordstrom and the benefits of going private for a struggling business.

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Read more at Nasdaq: The Nordstrom Tale | Nasdaq