Nordstrom spikes on report it's finalizing plans to go private
Advertisement
Advertisement
Advertisement
- Shares of Nordstrom spiked as much as 6% to more than $53 Friday after a Reuters report said management was finalizing plans to take the luxury retailer private before it releases earnings on March 1.
- The Nordstrom family, which owns 31.2% of the company's shares, according to regulatory filings, has been working for months to take the company private again, but the report Friday citing anonymous sources is the closest yet to a final deal.
- Shares have gained 15% in the past year.
EXCLUSIVE FREE SLIDE DECK:The Future of Retail 2018 by the BI Intelligence Research Team.
Get the Slide Deck Now »
Next StoryAdvertisement
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
JNK India IPO allotment – How to check allotment, GMP, listing date and more
Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
IndiGo places order for 30 wide-body A350-900 planes
Markets extend gains for 5th session; Sensex revisits 74k
Top 10 tourist places to visit in Darjeeling in 2024
