News Score: Score the News, Sort the News, Rewrite the Headlines

Nordstrom Family to Take Company Private in $6.25 Billion Deal

The Nordstrom family is joining forces with a Mexican retailer to take its namesake department store private in an all-cash transaction valued at about $6.25 billion, including debt.The founding family is betting that the century-old retail chain will be more successful without the scrutiny and demands of the public market after shares in Nordstrom Inc. plunged 40% in the last five years. During the same period, the Russell 1000 Index rose more than 80%....

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines