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New Deal

New Deal

Announced

1 Jul 2017

Completed

1 Nov 2017

The Charles Schwab Corporation acquired Nordstrom's banking unit.

Financials

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Transaction Value-

Consideration Type-

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Charles Schwab Corporation

vendor

Nordstrom

target

Nordstrom (banking Unit)

Sources

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Tags

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United States

Acquisition

Completed

banking products

Banks

Private

Synopsis

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The Charles Schwab Corporation, a bank and stockbroker based in San Francisco, California, acquired Nordstrom's banking unit. Financial terms were not disclosed.

Service Providers (1)

Dealmakers

legal advisors

Simpson Thacher & Bartlett

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