Nordstrom announced today the successful completion of its all-cash acquisition by members of the Nordstrom family and Mexican retail giant El Puerto de Liverpool. The transaction, valued at $24.25 per share, brings Nordstrom’s total enterprise value to approximately $6.25 billion and marks the retailer’s return to private ownership after more than five decades as a public company.
Shareholders will receive special cash dividends of $0.25 per share and an additional “stub period” quarterly dividend of $0.1462 per share, as approved by the company’s board. The payment date for these dividends is set for May 27, 2025, for shareholders of record as of May 19, 2025.
With the acquisition finalized, Erik and Pete Nordstrom will serve as Co-CEOs, continuing the family’s legacy of leadership. Jamie Nordstrom and other family members are also involved in the ownership group. Nordstrom’s common stock will cease trading on the New York Stock Exchange prior to…
the market opening on May 21, 2025, and will be officially delisted the same day. “This transaction is an important milestone in our nearly 125-year history,” said Erik Nordstrom, co-CEO.
“As we embark on this new chapter, we remain focused on what matters most: providing outstanding service, offering the best merchandise, and ultimately, helping our customers feel good and look their best.
We’re grateful to our teams for their hard work on behalf of our business and our customers, and we look forward to building on Nordstrom’s strong foundation to reach even greater heights.” Pete Nordstrom, co-CEO, added, “Since our founding, Nordstrom’s commitment to our customers has been at the heart of everything we do.
We’re excited to enter this next phase of the company’s evolution with the many customers and employees who have been an instrumental part of our story.” Following the transaction, the Nordstrom family holds a 50.1% majority stake, while Liverpool owns 49.9%.
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