Mon Dec 23 14:20:00 UTC 2024: ## Nordstrom to Go Private in $6.25 Billion Deal
**Seattle, WA** – Nordstrom Inc. announced today it will be going private in an all-cash transaction valued at approximately $6.25 billion. The deal, spearheaded by the founding Nordstrom family, aims to remove the company from the pressures of public market scrutiny and allow for more strategic long-term growth.
The transaction, expected to close in the first half of 2025, will see the Nordstrom family acquire all outstanding common shares not already held by the family and Mexican department store chain El Puerto de Liverpool SAB. This move represents a significant bet by the family on the future success of Nordstrom outside the public eye. Further details regarding the financing and specifics of the deal are expected to be released in the coming months.
First Piper 