Nordstrom (JWN) Seeks Privatization Through $6.25 Billion Deal

1 day ago

Nordstrom (JWN, Financial) experienced a volatile trading session, initially rising but closing down over 1% at $24.22. Despite this dip, the stock has surged more than 30% this year. The fluctuation follows news that the Nordstrom family is collaborating with a Mexican retail company to privatize the business through an all-stock transaction. The potential deal is valued at approximately $6.25 billion.

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