- Start
- Dec 22, 202490% CONFIDENCEfrom the source
Nordstrom Family and Liverpool Agree to Take Nordstrom Private
- Nordstrom's board, acting on its special committee's unanimous recommendation, agreed on 22 December 2024 to a $24.25-per-share cash buyout by the Nordstrom family and El Puerto de Liverpool[1]
- CEO Erik Nordstrom and president Pete Nordstrom recused themselves from the board vote given their roles in the buying group[1]
- The $6.25 billion deal gave the Nordstrom family 50.1% ownership and Liverpool 49.9%, with the agreement allowing a possible special dividend of up to $0.25 a share contingent on closing[1]
- Erik Nordstrom called it "an exciting new chapter for the business"[2]
References 282% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%sec.gov/Archives/edgar/data/72333/000121390024111520/ea0225687-8k_nord.htmsec.gov· Posted Sep 25, 2026· Starts Dec 22, 2024 ✓· 50% of score
Nordstrom's own 8-K states "On December 22, 2024, Nordstrom, Inc. ... entered into an Agreement and Plan of Merger" with Norse Holdings (later Nordstrom Holdings) and its acquisition subsidiary; the deal was publicly announced the next morning, which is the date most press coverage uses.
- [2]74%
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