Nordstrom, Inc. (JWN): $24.21
Market Cap: $4 Billion
Deal Size: $6.25 Billion
Nordstrom 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 approximately $6.25 billion. As part of the agreement, Nordstrom common shareholders will receive $24.25 in cash for each share they hold, representing a discount of 1.14% from the stock’s last closing price.
Nordstrom offers a wide range of products, including apparel, shoes, beauty products, accessories, and home goods. Its offerings combine brand-name and private-label merchandise available through physical stores, online platforms, and service hubs. El Puerto de Liverpool, its acquisition partner, is a Mexican omnichannel retailer operating department stores, specialized boutiques, and shopping centers, providing a comprehensive range of products and services across the country.