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The founding family behind Nordstrom, identified by Reuters, is making a new attempt to take the company private, six years after an unsuccessful bid. They have enlisted Morgan Stanley and Centerview Partners to explore the possibility of a private deal for Nordstrom ($JWN), reaching out to private equity firms to gauge interest. This move has led to a notable increase in Nordstrom's shares, which are up approximately 10%. The effort to privatize Nordstrom reflects a significant shift in the company's strategy, potentially impacting its future operations and market presence.
Big @reutersdeals scoop this am from @GregRoumeliotis and @ab_summerville: the founding family behind Nordstrom is seeking to take the U.S. department store operator private, six years after a similar attempt proved unsuccessful $JWN https://t.co/6OReMzfGnm
Global News | Sources say Nordstrom founding family seeks to take company private: Agencies #Nordstrom https://t.co/gaymRC6KoE
The founding family behind Nordstrom $JWN is seeking to take itself private, 6 years after a similar attempt proved unsuccessful Nordstrom asked investment banks Morgan Stanley and Centerview Partners to reach out to PE firms and gauge interest in a potential deal - Reuters
