Nordstrom family to take company private

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I hope this doesn&#x27;t change Nordstrom too much. One of the last department stores worth stopping into. JC Penny and Macys feel so run down (and I&#x27;m talking a nice Southern California mall, not one somewhere in the middle of the country). Bloomingdales is nice too, but they don&#x27;t seem like they&#x27;ll have the same staying power.

&gt; Nordstrom Inc. is going private in an all-cash transaction valued at about $6.25 billion in a bet by the founding family that the department-store company will be more successful without the scrutiny and demands of the public market.<p>&gt; As part of the transaction, the family will acquire all of the outstanding common shares of Nordstrom not already beneficially owned by the Nordstrom Family and Mexican department store chain El Puerto de Liverpool SAB.<p>&gt; Under the terms of the agreement, Nordstrom common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold. The Nordstrom Family will have a majority ownership stake in the company.<p>- <a href="https:&#x2F;&#x2F;archive.is&#x2F;soEKw" rel="nofollow">https:&#x2F;&#x2F;archive.is&#x2F;soEKw</a>

Interesting. I have seen large scale department stores like Nordstrom die one after another. Nordstrom Canada actually failed a few years ago. I am not sure if I was rich and owned Nordstrom in some way, I would invest my own money into Nordstrom. Instead I would do everything I can to diversify.

<p><pre><code> Revenue: ~$15B Profit: ~$0.3B </code></pre> <a href="https:&#x2F;&#x2F;press.nordstrom.com&#x2F;static-files&#x2F;e5cb0f84-48b5-4d4a-8be5-f8d9f891e388" rel="nofollow">https:&#x2F;&#x2F;press.nordstrom.com&#x2F;static-files&#x2F;e5cb0f84-48b5-4d4a-...</a>

Any suggested reading to understand how these transactions work in practical terms? Does it depend on some sort of rules of the exchange or SEC rules?<p>E.g. How do existing shareholders get paid out? What happens to shorts? Treasury shares? Options? RSUs?<p>It seems like it would be extremely complex.

Their real estate portfolio is at least 1-2B, w&#x2F; 2B in debt, they are buying the business at a ratio of 20 P&#x2F;E.<p>Will be interesting to see how they do privately, good luck to them!

I keep reading that in the way prof. Farnsworth yells &quot;Wernstrom!&quot; in Futurama