Nordstrom Family Completes Acquisition of Nordstrom
Deal News | May 21, 2025 | Wilmer Cutler Pickering Hale and Dorr LLP
The Nordstrom family, along with El Puerto de Liverpool, a Mexican retail group, has finalized an all-cash acquisition of Nordstrom, Inc., a major fashion retail company, for $24.25 per share. This move results in the Nordstrom family reclaiming majority ownership after 125 years. Shareholders will profit from a special cash dividend of $0.25 per share, alongside a quarterly dividend for a stub period of $0.1462 per share. Erik and Pete Nordstrom will assume roles as Co-CEOs. WilmerHale, under the leadership of Keith Trammell, served as the lead legal advisor for the Nordstrom family, guiding the transaction and ongoing related litigation.
Sectors
- Retail
- Legal Services
- Finance and Investment
Geography
- United States – Nordstrom, Inc. and the Nordstrom family are based in the United States, underscoring its primary geographical relevance.
- Mexico – El Puerto de Liverpool, a Mexican retail group, is part of the acquisition, highlighting Mexico's participation in this transaction.
Industry
- Retail – The article revolves around the acquisition of a leading fashion retailer, Nordstrom, Inc. This places it squarely in the Retail industry.
- Legal Services – The involvement of Wilmer Cutler Pickering Hale and Dorr LLP as legal advisors points to the legal services industry's role in facilitating the transaction.
- Finance and Investment – The transaction and acquisition elements are deeply rooted in finance and investment sectors, particularly given the involvement of all-cash dealings and market components.
Financials
- $24.25 – Per share transaction price in the all-cash acquisition of Nordstrom, Inc.
- $0.25 – Special cash dividend per share to be received by shareholders.
- $0.1462 – Stub period quarterly dividend per share to be received by shareholders.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nordstrom, Inc. | Target Company | Company | A leading fashion retailer that was acquired in the transaction. |
| Nordstrom Family | Bidding Company | People | The family that founded Nordstrom, they reclaimed majority ownership through the acquisition. |
| El Puerto de Liverpool, S.A.B. de C.V. | Bidding Company | Company | A Mexican retail group partnering with the Nordstrom family in the acquisition. |
| Wilmer Cutler Pickering Hale and Dorr LLP (WilmerHale) | Legal Advisor | Company | Legal firm serving as lead counsel for the Nordstrom family in the acquisition. |