The Firm is representing El Puerto de Liverpool, S.A.B. de C.V. (“Liverpool”) in its acquisition, together with certain members of the Nordstrom family, of all shares of Nordstrom, Inc. not already owned by the buying group in an all-cash transaction valued at approximately $6.25 billion on an enterprise basis.
Under the terms of the merger agreement, Nordstrom stockholders will receive $24.25 per share in cash. Upon completion of the transaction, Liverpool will own 49.9% of Nordstrom’s capital stock and Nordstrom family members will own 50.1%. The transaction is expected to close in the first half of 2025, subject to regulatory and other closing conditions.
Liverpool is a Mexican retailer with a leading presence in department stores and a robust e-commerce platform. Liverpool operates across Mexico with 310 stores under the Liverpool and Suburbia banners, 119 specialized boutiques, as well as 29 shopping centers. Liverpool is also one of the leading credit card issuers in the country, with more than 7.6 million credit card holders. For 176 years, Liverpool has offered a comprehensive selection of high-quality products and services—from the latest in fashion for the entire family to expert advice on interior design, food and beverages, housewares, technology, and much more.
Nordstrom was founded in 1901 as a retail shoe business in Seattle, Washington, under the guiding principle that success would come by offering customers the very best service, selection, quality and value. Nordstrom serves its customers through more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations and digitally through its Nordstrom and Rack apps and websites.
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