Nordstrom closes $6.25 billion deal to go private
The Seattle-based department store chain on Tuesday announced it has closed its $6.25 billion all-cash acquisition by the Nordstrom family and Mexican retailer El Puerto de Liverpool. Nordstrom announced the deal in December.
Brothers Erik Nordstrom, the company's current CEO, and Peter Nordstrom, the current chief brand officer, will serve as co-CEOs of Nordstrom, which will stop trading on the New York Stock Exchange before it opens Wednesday. The share price closed 0.1% higher at $24.66 on its final day of trading.
"We're grateful to our teams for their hard work on behalf of our business and our customers, and we look forward to building on Nordstrom's strong foundation to reach even greater heights," Erik Nordstrom said in a news release.
The Nordstrom family now owns 50.1% of the company, and Liverpool owns the other 49.9%. Liverpool has owned about 10% of Nordstrom since 2022. The first reports of a go-private deal came in March of last year after a similar attempt in 2018 was voted down by Nordstrom's board.
https://www.bizjournals.com/seattle/news/2025/05/20/nordstrom-liverpool-acquisition-close-private.html