US' Nordstrom goes private in Family, Liverpool buyout

21 May '25

2 min read

US' Nordstrom goes private in Family, Liverpool buyout

Pic: McCullough / Shutterstock.com

Insights

Nordstrom has been acquired for $24.25 per share in an all-cash deal by the Nordstrom family and Liverpool.
Shareholders will also receive $0.25 and $0.1462 in special and quarterly dividends.
Erik and Pete Nordstrom will serve as Co-CEOs.
Nordstrom stock will be delisted from the NYSE on May 21, 2025, marking a major step in the company's 125-year history.

Nordstrom, Inc. (the "Company") announced that Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family and El Puerto de Liverpool, S.A.B. de C.V. ("Liverpool") (BMV: LIVEPOL) have completed their all-cash acquisition of Nordstrom for $24.25 per share. Shareholders of the Company will also be paid cash dividends of $0.25 per share and $0.1462 per share, reflecting the special cash dividend and a "stub period" quarterly dividend.

With the completion of the transaction, Erik and Pete Nordstrom will lead the Company as Co-CEOs. Nordstrom common stock will cease trading prior to the opening of the New York Stock Exchange ("NYSE") on May 21, 2025 and will be delisted from the NYSE as of May 21, 2025.

"The completion of this transaction is an important milestone in our nearly 125-year history," said Erik Nordstrom, co-CEO of Nordstrom. "As we embark on this new chapter, we remain focused on what matters most: providing outstanding service, offering the best merchandise, and ultimately, helping our customers feel good and look their best. 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."

"Since our founding, Nordstrom's commitment to our customers has been at the heart of everything we do," said Pete Nordstrom, co-CEO of Nordstrom. "We're excited to enter this next phase of the Company's evolution with the many customers and employees who have been an instrumental part of our story."

Advisors

Morgan Stanley & Co. LLC and Centerview Partners LLC acted as financial advisors to the special committee of the Nordstrom board of directors, and Sidley Austin LLP and Perkins Coie LLP acted as legal counsel to the special committee.

Moelis & Company LLC acted as financial advisor and Wilmer Cutler Pickering Hale and Dorr LLP, Lane Powell PC and Davis Wright Tremaine LLP acted as legal counsel to the Nordstrom Family.

J.P. Morgan Securities LLC acted as financial advisor and Simpson Thacher & Bartlett LLP and Galicia Abogados, S.C. acted as legal counsel to Liverpool.