Nordstrom Looks to Go 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.