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Nordstrom Family Offers to Take Chain Private for $3.8 Billion
September 04, 2024BruceDayne The Nordstrom family has offered to buy its namesake department store chain for $23 per share in cash with plans to take the retailer private for $3.8 billion. Erik and Peter Nordstrom, the great grandsons of founder John Nordstrom, said they had been exploring ways to take the company private, according to a statement on Wednesday. The brothers formed a group with other family members and a Mexican...