Founding family taking Nordstrom private for $6.25B

By the numbers: Per the agreement, Nordstrom common shareholders will receive $24.25 per share, up from the $23 apiece offer made in September.

• Shares closed at $24.53 on Friday.
• The proposal is a premium of about 42% to Nordstrom's "unaffected closing common stock price" on March 18, the last trading day before media speculation regarding a potential acquisition, per the release.
• The deal will be financed with a combination of rollover equity by the Nordstrom Family and Liverpool, cash commitments by Liverpool, and up to $450 million in borrowings under a new $1.2 billion ABL bank financing.

What's next: The deal is expected to close in the first half of 2025, pending regulatory approvals.

The bottom line: Increasing regulatory and reporting requirements are increasingly pushing family-owned public companies to return to the private market.