Nordstrom Family Makes $3.8B Offer To Take Retailer Private

Group 1 - CEO Erik Nordstrom and President Peter Nordstrom, along with Mexican retailer El Puerto de Liverpool, have made a bid to take Nordstrom private at $23 per share, valuing the company at approximately$3.8 billion [1][4] - The Nordstrom family holds a 33.4% stake in the company, while El Puerto de Liverpool owns nearly 10% [3][5] - The current offer represents a less than 1% premium over the stock's closing price on Tuesday [4] Group 2 - This is not the first attempt by the Nordstrom family to take the company private; previous efforts were made in 2017 and 2018, with the latter being a rejected bid of around $8.4 billion [5] - As of Wednesday, Nordstrom shares were trading at$22.92, reflecting a 0.4% increase, and have gained nearly 25% in value this year [6]