According to Reuters, Nordstrom, Inc. (JWN) seeking strategic alternatives

  • June 9, 2017

Nordstrom, Inc. (JWN) seeking alternative strategies.

Update(s):

February 24, 2018: Nordstrom Inc’s (JWN) founding family group is finalizing plans to submit an offer to take the U.S. department store operator private, people familiar with the matter said on Friday.

March 05, 2018: The Special Committee has reviewed the Group’s indicative acquisition proposal, in consultation with its financial advisor and legal counsel, and has determined that the price proposed is inadequate.Furthermore, unless the Group can promptly and substantially improve the price it is proposing to pay for the Company, the Special Committee intends to terminate discussions.

March 20, 2018: Special Committee of Nordstrom Board Terminates Discussions with Nordstrom Family Group Regarding Potential Going Private Transaction