Nordstrom Founding Family & Mexico El Puerto de Liverpool Make $3.76 Billion Offer to Buyout Luxury Department Store Nordstrom Representing a 35% Premium to Share Price on 18th March 2024 with Media Reports of Buyout Offer, Nordstrom Founding Family Owns 33.4% & Mexico El Puerto de Liverpool Owns 9.6% of Nordstrom, Erik Nordstorm & Peter Nordstrom are the 4th Generation Leaders of Nordstrom
7th September 2024 | Hong Kong
Nordstrom founding family & Mexico El Puerto de Liverpool have made a $3.76 billion offer to buyout luxury department store Nordstrom, representing a 35% premium to share price on 18th March 2024 with media reports of buyout offer. Nordstrom founding family owns 33.4% & Mexico El Puerto de Liverpool owns 9.6% of Nordstrom. Erik Nordstorm & Peter Nordstrom are the 4th generation leaders of Nordstrom. In 2024 May, United States billionaire Bruce Nordstrom has died at age 90 (18/5/24). Bruce Nordstrom is the ex-Chairman & CEO of luxury department store Nordstrom, which was founded by his grandfather John Nordstrom and Carl Wallin in 1901. Bruce Nordstrom has a personal fortune at over $1 billion. Nordstrom current market value is around $3.7 billion (6/9/24).
“ Nordstrom Founding Family & Mexico El Puerto de Liverpool Make $3.76 Billion Offer to Buyout Luxury Department Store Nordstrom Representing a 35% Premium to Share Price on 18th March 2024 with Media Reports of Buyout Offer, Nordstrom Founding Family Owns 33.4% & Mexico El Puerto de Liverpool Owns 9.6% of Nordstrom, Erik Nordstorm & Peter Nordstrom are the 4th Generation Leaders of Nordstrom “
Nordstrom (4/9/24): “The special committee of the Board of Directors of Nordstrom, Inc. (NYSE: JWN) today confirmed receipt of a proposal from Erik and Pete Nordstrom, other members of the Nordstrom family, and El Puerto de Liverpool, S.A.B. de C.V. (“Liverpool”) (BMV: LIVEPOL) to acquire all of the outstanding shares of the Company, other than shares held by members of the Nordstrom family and Liverpool, for $23.00 per share in cash. The proposal states that the merger consideration would be financed through a combination of rollover equity and cash commitments by members of the Nordstrom family and Liverpool and $250 million in new bank financing, with the existing indebtedness of the Company to remain outstanding. The special committee, composed of independent and disinterested directors, was formed in response to interest expressed by Erik and Pete Nordstrom in exploring a possible transaction. The special committee and the other independent directors will carefully review the proposal in consultation with independent financial and legal advisors to determine the course of action that is in the best interests of Nordstrom and all shareholders. No action is required by Nordstrom shareholders at this time. There can be no assurance that the Company will pursue this transaction or other strategic outcome, or that a proposed transaction will be approved or consummated. The Company does not intend to disclose further developments regarding this matter unless and until further disclosure is determined to be appropriate or necessary.”
Nordstrom – At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we’re building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that’s in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites.
United States Billionaire Bruce Nordstrom Dies at Age 90, ex-Chairman & CEO of Luxury Department Store Nordstrom Founded by Grandfather John Nordstrom & Carl Wallin in 1901, Bruce Nordstrom Personal Fortune at over $1 Billion
23rd May 2024 – United States billionaire Bruce Nordstrom has died at age 90 (18/5/24). Bruce Nordstrom is the ex-Chairman & CEO of luxury department store Nordstrom, which was founded by his grandfather John Nordstrom and Carl Wallin in 1901. Bruce Nordstrom has a personal fortune at over $1 billion. Nordstrom current market value is around $3.4 billion (23/5/24). Nordstrom: “ It is with deep sadness we announce our dad, Bruce Nordstrom, 90, passed away comfortably at home on Saturday, May 18th with his wife Jeannie by his side. Our dad will be remembered not only for his significant contributions to Nordstrom but also for his unwavering dedication to his family and friends. His passion, integrity and tireless work ethic served as an inspiration to everyone around him. But perhaps his greatest achievement was being an amazing father, husband and grandfather. He is survived by his wife Jeannie, his sister Anne Gittinger, his sons Pete and Erik, daughters-in-law Brandy, Julie and Molly, and 7 grandchildren, Alex, Andy, Leigh, Sam, Sara, Micki and Chet. Our dad leaves a powerful legacy as a legendary business leader, a generous community citizen and a loyal friend.”
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