Nordstrom Acquired by Nordstrom Family and Liverpool in a $6.25 Billion Cash Deal

Nordstrom (JWN) entered a merger agreement on December 23, 2024, to be taken private by its founding family and Mexican retailer El Puerto de Liverpool in a deal valued at about $6.25 billion.

Deal Structure:

As per the agreement, Nordstrom common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold, representing a discount of 1.14% from the stock’s last close.

Company Profile:

Nordstrom is a fashion retailer offering apparel, shoes, beauty products, accessories, and home goods for all ages, with a mix of brand-name and private-label merchandise available through stores, online platforms, and service hubs.

El Puerto de Liverpool is a Mexican omnichannel retailer operating department stores, specialized boutiques, and shopping centers, offering a wide range of products and services across the country.

Deal Details and Timeline:

The Board plans to approve a special dividend of up to $0.25 per share, depending on Nordstrom’s available cash, right before the transaction closes, which is expected to close in the first half of 2025.

The founding family had offered to acquire the company in September for $23 per share in cash. Reports of the family looking to take the retailer private had been making rounds since March. The company had formed a special committee in February to evaluate the proposal.

The acquisition gives CEO Erik Nordstrom, President Pete Nordstrom, and other members of the Nordstrom family a majority ownership stake in the company. The Nordstrom Family will own 50.1% of Nordstrom, while Liverpool will own 49.9%.

The transaction will be funded through a mix of rollover equity from the Nordstrom family and Liverpool, cash from Liverpool, up to $450 million in loans from a new $1.2 billion bank credit line, and the company’s available cash.

The deal values Nordstrom at 6.77 times its EBITDA.

Deal Metrics:

For more information about this merger and acquisition transaction, please visit the Deal Metrics page at:

Deal Metrics for the acquisition of Nordstrom, Inc. (JWN) by Nordstrom Family and Liverpool

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• Every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
• News and SEC filings.
• A history of deal updates.
• And much more.

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Editor’s Note: Baranjot Kaur contributed to this article