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SEATTLE - Nordstrom Inc . (NYSE:JWN) disclosed today that a group led by members of the Nordstrom family and El Puerto de Liverpool, S.A.B. de C.V. (BMV:LIVEPOL) has proposed to purchase all outstanding shares of the retail giant, excluding those already held by the family and Liverpool, for $23.00 each in cash.
The acquisition offer, which includes a mix of rollover equity from the Nordstrom family and Liverpool, alongside $250 million in new bank financing, comes as the company's special committee, formed of independent directors, evaluates the potential transaction. This committee was established following Erik and Pete Nordstrom's expression of interest in taking the company private.
In reviewing the proposal, the committee will consult with financial and legal advisors to decide what is in the best interest of Nordstrom and its shareholders. At this time, shareholders are not required to take any action.
It remains uncertain if Nordstrom will proceed with this transaction or if it will be approved and completed. The company has stated it will not provide updates unless it deems further disclosure appropriate or necessary.
Morgan Stanley & Co. LLC and Centerview Partners LLC have been appointed as financial advisors, with legal counsel from Sidley Austin LLP and Perkins Coie LLP to assist the special committee.
Nordstrom, established in 1901, has grown from a single shoe store to an influential fashion retailer, with more than 350 locations, including Nordstrom, Nordstrom Local, and Nordstrom Rack stores, as well as digital platforms.
The company's forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, indicate potential risks and uncertainties that could cause actual outcomes to differ materially from current expectations. These forward-looking statements are based on information available as of the date of the press release, and Nordstrom undertakes no obligation to update these statements in the future.
This news is based on a press release statement and provides a current view of the potential private buyout without speculating on the outcome or broader industry impact.
In other recent news, Nordstrom Inc. has seen a series of noteworthy developments. The founding family of Nordstrom has proposed an acquisition bid to take the company private at $23 per share, which could significantly alter the company's financial and operational structure. Meanwhile, Nordstrom's financial performance has been robust, with a 3.2% increase in second-quarter revenue and an earnings per share (EPS) of $0.96, surpassing analysts' projections of $0.71. This positive performance is attributed to improved gross margins, which rose by 155 basis points to 36.6%, and strong full-price sales.
In response to these results, several analyst firms have revised their outlook on Nordstrom. KeyBanc Capital Markets maintained its Overweight rating on Nordstrom, while TD Cowen and BMO Capital Markets raised their price targets for Nordstrom to $25.00 and $22.00, respectively. These adjustments reflect Nordstrom's strong quarterly results, which were bolstered by a 3.4% increase in net sales, reaching $3.8 billion.
Finally, Nordstrom's Rack brand has played a significant role in the company's growth, with plans to open 12 more Rack stores by year-end. These recent developments highlight Nordstrom's strategic priorities and potential for sustained financial health.
InvestingPro Insights
As Nordstrom Inc. (NYSE:JWN) considers the buyout offer from the Nordstrom family and Liverpool, the company's financial health and market performance are crucial factors for shareholders. According to recent data from InvestingPro, Nordstrom's market capitalization stands at approximately $3.75 billion. This valuation reflects the company's position in the retail sector and its potential for growth, especially considering that analysts forecast Nordstrom's net income to grow this year.
The company's price-to-earnings (P/E) ratio, a key metric for investors, is currently at 13.02. This figure, which is adjusted to 11.41 for the last twelve months as of Q2 2025, suggests that Nordstrom's earnings are reasonably valued in the market. In addition, the company has maintained a solid revenue base, with $14.97 billion reported over the last twelve months as of Q2 2025 and a gross profit margin of 36.54%.
InvestingPro Tips highlight that while 12 analysts have recently revised their earnings estimates downwards for the upcoming period, the consensus still predicts the company will be profitable this year. Furthermore, a total of 23 additional InvestingPro Tips are available for investors seeking a more comprehensive analysis, which can be found at https://www.investing.com/pro/JWN.
These insights, coupled with the proposed acquisition price of $23.00 per share, can help shareholders gauge the attractiveness of the offer in the context of Nordstrom's financial performance and market trends. As the special committee deliberates, these metrics and expert opinions will be instrumental in shaping the future of Nordstrom Inc.
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