Nordstrom to Go Private in $6.25 Billion Deal Led by Founding Family

The Nordstrom family and Mexican retailer El Puerto de Liverpool will acquire the department store chain, ending its 53-year run as a public company.

The Nordstrom family and Liverpool will hold 50.1% and 49.9% ownership stakes, respectively, after the acquisition is finalized.
Nordstrom shareholders will receive $24.25 per share in cash, a 42% premium over its March 2024 stock price, plus a special dividend of up to $0.25 per share.
The deal, valued at $6.25 billion including debt, has been unanimously approved by Nordstrom's board, with Erik and Pete Nordstrom recusing themselves from the vote.
Going private is expected to allow Nordstrom to focus on long-term growth strategies, including investments in store upgrades, digital expansion, and merchandise improvements.
The acquisition is set to close in the first half of 2025, pending regulatory and shareholder approvals, and will delist Nordstrom from public markets.