Nordstrom to Go Private in $6.25 Billion Acquisition Deal

The Nordstrom family, in partnership with Mexico's El Puerto de Liverpool, regains majority control of the iconic retailer.

Nordstrom has agreed to a $6.25 billion acquisition deal, taking the company private for the first time since 1971.
The deal was led by the Nordstrom family, who will hold a 50.1% majority stake, with Mexican retail group El Puerto de Liverpool owning the remaining 49.9%.
Shareholders will receive $24.25 per share, a 42% premium compared to the stock's value in March when acquisition talks began.
The acquisition follows years of efforts by the Nordstrom family to regain control of the century-old company, including a failed $8.4 billion bid in 2018.
The transaction is expected to close in the first half of 2025, marking a significant shift in the company’s structure and ownership.