Investigation Commenced by Levi & Korsinsky, LLP Regarding the Acquisition of Nordstrom, Inc. by the Nordstrom Family and El Puerto de Liverpool, S.A.B.
New York, NY – April 10, 2025
Levi & Korsinsky, LLP announces that it has commenced an investigation into the acquisition of Nordstrom, Inc. (NYSE: JWN) 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 was fair to Nordstrom stockholders prior to December 22, 2024.
Background of the Acquisition
On December 23, 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 was valued at approximately $1.1 billion.
The Investigation
Levi & Korsinsky is investigating the acquisition of Nordstrom, Inc. to determine whether the process was fair to stockholders prior to the transaction. The firm is examining the potential impact of the transaction on Nordstrom’s financial statements, the adequacy of the process, and whether all relevant information was disclosed to stockholders.
Impact on Nordstrom Stockholders
If you are a Nordstrom stockholder and purchased Nordstrom stock prior to December 22, 2024, you may be entitled to compensation. 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. has significant implications for the retail industry. Nordstrom is a leading fashion retailer, and the acquisition could signal a trend towards family-owned businesses acquiring larger publicly-traded companies. Additionally, the transaction could impact Nordstrom’s competitors and the broader retail sector.
Conclusion
Levi & Korsinsky is investigating the acquisition of Nordstrom, Inc. by the Nordstrom Family and El Puerto de Liverpool, S.A.B. to determine whether the process was fair to Nordstrom stockholders prior to the transaction. If you are a Nordstrom stockholder and purchased Nordstrom stock prior to December 22, 2024, you may be entitled to compensation. To learn more, please contact Levi & Korsinsky, LLP.
- Nordstrom, Inc. (NYSE: JWN)
- Acquisition by the Nordstrom Family and El Puerto de Liverpool, S.A.B.
- Investigation by Levi & Korsinsky, LLP
- Impact on Nordstrom Stockholders
- Impact on the Retail Industry
