Common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold, according to a press release. Get top local stories in San Diego delivered to you every morning.
(AP) — Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group for $6.25 billion, the company said Monday.
Nordstrom beat Wall Street's revenue expectations ... Get top local stories in San Diego delivered to you every morning. >Sign up for NBC San Diego's News Headlines newsletter.
The buyout comes after the company reduced its retail footprint in a number of markets including San Francisco. The Nordstrom family is teaming up with a Mexican retailer to take the department ...