Nordstrom considering going private with interest from private equity firms, shares surged

From CNBC:

Nordstrom shares surged over 10% after news of potential privatization. The retailer’s founding family, with Morgan Stanley and Centerview Partners, are exploring interest from private equity firms. A previous attempt in 2018 failed. Nordstrom faces sales challenges in a tough retail market, with a projected revenue decline of 2% to 1% for 2024. Nordstrom shares were down 7% prior to the news.



Read more at CNBC: Nordstrom reportedly trying to go private