Is Nordstrom one step closer to being privatized? The Nordstrom family is about to reach an agreement with El Puerto de Liverpool
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The Nordstrom family is about to sign an acquisition agreement with the Mexican department store chain El Puerto de Liverpool, which may be reached this week. The Nordstrom family has proposed to acquire the company for $3.8 billion and take it private, with family members holding approximately 33.4% of the shares and willing to buy at $23 per share. After the transaction, the Nordstrom family will own 50.1% of the shares, while El Puerto de Liverpool will hold the remaining shares. As a result of this news, Nordstrom's stock price rose over 3% in pre-market trading
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