Seattle — Nordstrom, Inc. has announced that Erik, Pete and Jamie Nordstrom, as well as other members of the Nordstrom family and El Puerto de Liverpool, S.A.B. de C.V., have completed their all-cash acquisition of Nordstrom for $24.25 per share. Shareholders of the company will also be paid cash dividends of $0.25 per share and $0.1462 per share, reflecting the special cash dividend and a “stub period” quarterly dividend.
With the completion of the transaction, Erik and Pete Nordstrom will lead the company as co-CEOs. Nordstrom common stock ceased trading prior to the opening of the New York Stock Exchange on May 21, 2025 and was delisted from the NYSE as of May 21, 2025.
“The completion of this transaction is an important milestone in our nearly 125-year history,” says Erik Nordstrom, co-CEO of Nordstrom. “As we embark on this new chapter, we remain focused on what matters most: providing outstanding service, offering the best merchandise and, ultimately, helping our customers feel good and look their best. We’re grateful to our teams for their hard work on behalf of our business and our customers, and we look forward to building on Nordstrom’s strong foundation to reach even greater heights.”
“Since our founding, Nordstrom’s commitment to our customers has been at the heart of everything we do,” says Pete Nordstrom, co-CEO of Nordstrom. “We’re excited to enter this next phase of the company’s evolution with the many customers and employees who have been an instrumental part of our story.”
Morgan Stanley & Co. LLC and Centerview Partners LLC acted as financial advisors to the special committee of the Nordstrom board of directors, and Sidley Austin LLP and Perkins Coie LLP acted as legal counsel to the special committee.
Moelis & Company LLC acted as financial advisor and Wilmer Cutler Pickering Hale and Dorr LLP, Lane Powell PC and Davis Wright Tremaine LLP acted as legal counsel to the Nordstrom Family.
J.P. Morgan Securities LLC acted as financial advisor and Simpson Thacher & Bartlett LLP and Galicia Abogados, S.C. acted as legal counsel to Liverpool.
Since starting as a shoe store in 1901, Nordstrom Inc. has grown to operate more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through its apps and websites.
El Puerto de Liverpool is a Mexican omnichannel retailer with a leading presence in department stores and a robust e-commerce platform. It operates across Mexico with 310 stores under the Liverpool and Suburbia banners, 119 specialized boutiques, as well as 29 shopping centers.
SOURCE: Nordstrom, Inc.