Nordstrom Looks to Go Private

Members of the Nordstrom family have formed a group to explore the possibility of taking the department store private.

April 6, 2018

Nordstrom Looks to Go Private

Nordstrom family considers acquiring 100 percent of the retailer’s shares.

Members of the Nordstrom family have formed a group to explore the possibility of taking the department store private.

The potential transaction would involve the acquisition of 100 percent of the outstanding shares of common stock of the Nordstrom company by the group; however, the group has not made a proposal to the company regarding such a move.

The group consists of Blake, Peter and Erik Nordstrom, co-presidents of Nordstrom; James Nordstrom, president of stores; Bruce Nordstrom, chairman emeritus; and Anne Gittinger (neé Nordstrom), who has a stake in the company.

Nordstrom’s board of directors has formed a special committee comprised of independent directors to act on behalf of the company in connection with the possible transaction.

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