19.04.2024 04:06:38 - dpa-AFX: Nordstrom Establishes Special Committee Amid Founding Family's Privatization Proposal

WASHINGTON (dpa-AFX) - Nordstrom Inc.'s (JWN) founding family has notified
the board of its interest in taking the company private. The company formed a
special committee to evaluate any proposal from the company's Chief Executive
Officer Erik Nordstrom and the company's president Pete Nordstrom, and any
proposals from other parties and consider whether they are in the best interests
of Nordstrom and all shareholders, the department-store chain said in a
statement.

The special committee retained Morgan Stanley & Co. LLC and Centerview Partners
LLC as financial advisors and Sidley Austin LLP and Perkins Coie LLP as legal
counsel.

There can be no assurance that the company will pursue any particular
transaction or other strategic outcome, or that a proposed transaction will be
approved or consummated, Nordstrom said.

JWN closed Thursday's regular trading at $18.74 up $0.79 or 4.40%. In the
after-hours trading the stock further gained $0.41 or 2.19%.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
NORDSTROM INC. 867804 Frankfurt 18,420 03.05.24 08:06:31 +1,048 +6,03% 0,000 0,000 18,420 18,420

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