Members of the Nordstrom family are teaming up with a Mexican retail group and are offering to take the department store retailer private at $23 per share cash, months after first expressing interest in a buyout.
NEW YORK — Members of the Nordstrom family with the help of a Mexican retail group are offering to take the century-old department store private for $3.76 billion per share cash, months after first expressing interest in a buyout.
The Mexican retail group, called El Puerto de Liverpool, operates more than 300 stores in Mexico and is that nation’s third-largest credit card issuer with over 7.2 million active accounts. It already owns approximately 9.6% of Nordstrom stock. “That the Nordstrom family have made an offer to buy the department store chain comes as no surprise. What is interesting is the $23 a share value which is pretty much the current price of the stock, said Neil Saunders, managing director of GlobalData. ”The lack of any real premium would, under normal circumstances, make the offer unattractive.
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Nordstrom family offers to take store private for $3.76B with Mexican retail groupMembers of the Nordstrom family are teaming up with a Mexican retail group and are offering to take the department store retailer private at $23 per share cash, months after first expressing interest in a buyout
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Nordstrom family offers to take department store private for $3.76 billion with Mexican retail groupMembers of the Nordstrom family are teaming up with a Mexican retail group and are offering to take the department store retailer private at $23 per share cash, months after first expressing interest in a buyout.
Lire la suite »
Nordstrom family offers to take department store private for $3.76 billion with Mexican retail groupNEW YORK (AP) — Members of the Nordstrom family with the help of a Mexican retail group are offering to take the century-old department store private for
Lire la suite »
Nordstrom family offers to take department store private for $3.76 billion with Mexican retail groupMembers of the Nordstrom family are teaming up with a Mexican retail group and are offering to take the department store retailer private at $23 per share cash, months after first expressing interest in a buyout.
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Nordstrom family offers to take store private for $3.76B with Mexican retail groupThe Mexican retail group, called El Puerto de Liverpool, operates more than 300 stores in Mexico.
Lire la suite »
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