tiprankstipranks
Nordstrom tapped bankers to consider potential go-private bid, WSJ reports
The Fly

Nordstrom tapped bankers to consider potential go-private bid, WSJ reports

Erik Nordstrom and Pete Nordstrom, the CEO and president, respectively, of Nordstrom (JWN) recently told the board they are interested in exploring a deal for the company and Nordstrom formed a special committee of independent directors to evaluate their potential proposal, people familiar with the matter told The Wall Street Journal’s Lauren Thomas. The department store board’s special committee is working with bankers from Morgan Stanley (MS) and Centerview Partners to evaluate a potential proposal from the founding family, along with those of any other suitors, the people said.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles