Nordstrom ends buyout talks

The financially troubled department store Nordstorm has run into a roadblock on its quest to go private. After scurrying to raise financing for what could be a $10 billion leveraged buyout, Nordstrom announced that it has suspended plans to take itself private, according to the New York Post. The Nordstrom family originally planned to put up its 31 percent stake in the company, which as of Aug. 1 was valued at $2.5 billion, and private-equity […] Read More >> https://therealdeal.com/2017/10/16/nordstrom-ends-buyout-talks/

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