The Nordstrom Family and El Puerto de Liverpool to acquire a 56.6% stake in Nordstrom for $2.15bn.

The Nordstrom Family and El Puerto de Liverpool, a Mexican department store chain, offered to acquire a 56.6% stake in Nordstrom, an American luxury department store chain, for $2.15bn. The special committee, composed of independent and disinterested directors, was formed in response to interest expressed by Erik and Pete Nordstrom in exploring a possible transaction. The special committee and the other independent directors will carefully review the proposal in consultation with independent financial and legal advisors to determine the course of action that is in the best interests of Nordstrom and all shareholders.