m_and_a
confidence high
sentiment neutral
materiality 1.00
Nordstrom acquired by family & Liverpool for $24.25/sh; delisting from NYSE
NORDSTROM INC
- All-cash acquisition closed at $24.25/share; shareholders also receive combined $0.3962/share in dividends.
- Total purchase price ~$2.4B; funded by $863M Liverpool cash, $367M shareholder loan, $450M ABL draw, $1.01B company cash.
- Erik and Pete Nordstrom become Co-CEOs; board replaced with Erik as sole director.
- Common stock to cease trading on NYSE before May 21, 2025; will be delisted.
- New $1.2B ABL facility entered; $450M drawn; supplemental indentures guarantee existing notes.
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