Nordstrom Acquired for $6.25B
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•Nordstrom to be acquired by Nordstrom family and a Mexican retail group for $6.25 billion
68% Informative
Nordstrom shareholders will receive $ 24.25 in cash for each share of Nordstrom common stock.
Nordstrom ’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom recused themselves from voting.
Following the close of the transaction, the Nordstrom family will have a majority stake in the company.
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