M&A: NORDSTROM ERIK B

Form Type: SCHEDULE 13D

Filing Date: 2024-12-23

Corporate Action: Merger

Type: New

Accession Number: 000110465924131447

Comments: This Schedule 13D relates to the Common Stock of Nordstrom, Inc., filed by Erik B. Nordstrom, Peter E. Nordstrom, and other family members and entities. The group owns approximately 33.7% of the outstanding shares of Common Stock, totalling 55,521,989 shares. On December 22, 2024, the group entered a Merger Agreement with Navy Acquisition Co. Inc. and El Puerto de Liverpool, S.A.B. de C.V. to acquire all outstanding shares of the Company for $24.25 per share in cash. The merger will result in the Company becoming a wholly-owned subsidiary of a newly formed entity, Norse Holdings, Inc. The agreement also allows for a special cash dividend of $0.25 per share, contingent upon closing. The merger will lead to the delisting of shares from The New York Stock Exchange and the cancellation of Common Stock ownership rights for shares not owned by the entities involved in the merger. The transaction is subject to certain conditions, including shareholder approvals and regulatory reviews.

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