Investigation Commenced by Levi & Korsinsky, LLP into Nordstrom, Inc.’s Acquisition
New York, NY – March 28, 2025
Levi & Korsinsky, LLP announces that it has commenced an investigation into the fairness of the acquisition of Nordstrom, Inc. (“JWN” or the “Company”) by Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the “Nordstrom Family”) and El Puerto de Liverpool, S.A.B. The investigation concerns whether the acquisition price adequately reflects the value of the Company’s shares.
Background of the Acquisition
On December 22, 2024, Nordstrom, Inc. announced that it had entered into a definitive agreement to be acquired by the Nordstrom Family and El Puerto de Liverpool, S.A.B. for $50.00 per share in cash. The transaction, valued at approximately $1.1 billion, is expected to close in the first quarter of 2025, subject to customary closing conditions.
The Investigation
Levi & Korsinsky is investigating the acquisition on behalf of Nordstrom, Inc. investors who purchased shares prior to December 22, 2024. The firm’s investigation focuses on whether the acquisition price is fair to Nordstrom, Inc. shareholders, taking into account the potential impact of the transaction on the Company and its shareholders.
Impact on Individual Investors
If you are a Nordstrom, Inc. shareholder who purchased shares prior to December 22, 2024, your rights may be affected. You may be entitled to compensation if the investigation reveals that the acquisition price was below the fair market value of the Company’s shares. Levi & Korsinsky encourages you to contact the firm to discuss your legal rights and options.
Impact on the World
The acquisition of Nordstrom, Inc. by the Nordstrom Family and El Puerto de Liverpool, S.A.B. could have far-reaching implications for the retail industry. Nordstrom, Inc. is a leading fashion retailer with a strong brand and a large customer base. The acquisition could result in changes to the Company’s business strategy, management, and operations. It could also impact competitors in the retail industry, particularly those in the fashion sector.
Conclusion
Levi & Korsinsky’s investigation into the fairness of the acquisition of Nordstrom, Inc. by the Nordstrom Family and El Puerto de Liverpool, S.A.B. highlights the importance of shareholder rights and the potential impact of corporate transactions on investors and the wider business world. If you are a Nordstrom, Inc. shareholder, it is important that you understand your legal rights and options in this matter.
- If you are a Nordstrom, Inc. shareholder, contact Levi & Korsinsky, LLP to discuss your legal rights and options
- The investigation focuses on whether the acquisition price was fair to Nordstrom, Inc. shareholders
- The acquisition could have far-reaching implications for the retail industry
