Nordstrom rejects offer from Nordstrom family
A Nordstrom special committee said March 5 that it has received and rejected an initial offer from the Nordstrom family to buy the retailer at $50 a share as too low. The Nordstrom committee said it plans to terminate discussions unless the family can “promptly and substantially” improve the price it is proposing to pay. Leonard Green has been working with the family on the take private and is looking to contribute $1.5 billion to $2 billion equity, CNBC said. The group of Nordstrom family members owns 31.2 percent of the Seattle retailer, CNBC said.
6 March 2018•2 mins read
