Nordstrom’s founding family, along with Mexican retail group El Puerto de Liverpool, is offering to take its namesake department store chain private.
A filing submitted to the Securities and Exchange Commission (SEC) on Sept. 4 outlined the buyout proposal, under which the Nordstrom family and Liverpool would offer $23 per share for the stock owned by investors. That represents a 0.8 percent premium to the previous day’s closing price of $22.82.
