US’ Nordstrom Family & Liverpool announce $6.25 billion buyout deal

Nordstrom, Inc. will go private in a $6.25 billion deal, with the Nordstrom family and Liverpool acquiring outstanding shares at $24.25 each, a 42 per cent premium.
The Board approved the move following a special committee review.
The family will hold a majority stake, aiming to enhance value and secure Nordstrom’s future, with a $0.25 special dividend contingent on closure.Read More