Exclusive: Nordstrom's founding family in new bid to take US retailer private [Reuters]
Nordstrom, Inc. (JWN)
Last nordstrom, inc. earnings: 3/3 04:05 pm
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Source: Reuters
NEW YORK, March 19 (Reuters) - The founding family behind Nordstrom Inc (JWN.N) , opens new tab is seeking to take the U.S. department store operator private, six years after a similar attempt proved unsuccessful, people familiar with the matter said on Tuesday. The deal deliberations come as Nordstrom and other U.S. retailers grapple with consumers curbing their discretionary spending following a bout of inflation and high interest rates. Macy's Inc (M.N) , opens new tab , another department store operator, has also become a takeover target Nordstrom has asked investment banks Morgan Stanley (MS.N) , opens new tab and Centerview Partners to reach out to private equity firms and gauge their interest for a potential deal, the sources said. There is no certainty that an agreement will be reached, the sources added, asking not to be identified because the matter is confidential. Nordstrom, Centerview and Morgan Stanley did not immediately respond to requests for comment. Nords
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JWN
Earnings
- 3/5/24 - Beat
JWN
Sec Filings
- 4/25/24 - Form SC
- 4/18/24 - Form 8-K
- 4/18/24 - Form SC
- JWN's page on the SEC website