Investigation Commenced by Levi & Korsinsky, LLP into Nordstrom, Inc.’s Acquisition by the Nordstrom Family and El Puerto de Liverpool, S.A.B.
New York, NY – April 1, 2025 – Levi & Korsinsky, LLP notifies all persons or entities who owned Nordstrom, Inc. (JWN or the “Company”) stock prior to December 22, 2024, that an investigation has been initiated into the fairness of the acquisition of the Company by the Nordstrom Family and El Puerto de Liverpool, S.A.B.
Background of the Acquisition
On December 21, 2024, Nordstrom, Inc. announced that it had entered into a merger agreement with the Nordstrom Family and El Puerto de Liverpool, S.A.B. Under the terms of the agreement, Nordstrom shareholders would receive $50 in cash for each share of Nordstrom common stock they owned.
The Investigation
Levi & Korsinsky’s investigation focuses on whether the acquisition price is fair to Nordstrom stockholders. The firm is examining the process by which the Nordstrom Family and El Puerto de Liverpool, S.A.B. conducted the transaction, including the valuation of the Company and the consideration paid to Nordstrom stockholders.
Implications for Shareholders
If you are a Nordstrom stockholder and wish to learn more about the investigation or potential remedies available, you may, without obligation or cost to you, contact Levi & Korsinsky, LLP at (212) 363-7500. You may also visit the firm’s website at www.zlk.com for more information.
Impact on the World
The investigation into the Nordstrom acquisition may have significant implications for the retail industry as a whole. If it is discovered that the transaction was not fair to Nordstrom stockholders, it could lead to increased scrutiny of other similar deals and potential legal action against the companies involved.
Conclusion
Levi & Korsinsky, LLP’s investigation into the fairness of the Nordstrom acquisition by the Nordstrom Family and El Puerto de Liverpool, S.A.B. is ongoing. If you are a Nordstrom stockholder and have any questions or concerns regarding your investment, we encourage you to contact us.
- If the investigation finds that the acquisition was not fair to Nordstrom stockholders, it could lead to legal action against the Nordstrom Family and El Puerto de Liverpool, S.A.B.
- The investigation may have implications for the retail industry as a whole, potentially leading to increased scrutiny of similar transactions.
- Individual investors who wish to learn more about the investigation or their potential remedies can contact Levi & Korsinsky, LLP.
