Refile: UPDATE 1-Nordstrom founders offer $23 per shaare to take the department store private

Nordstrom

04/09/2024 13:29

(Corrects syntax in headline)
       Sept 4 (Reuters) - Nordstrom's  JWN.N  founding family
has made a bid to take the department store chain private by
offering $23 per share in cash for the stake they do not already
own, a filing showed on Wednesay. 
    The company's board had in April formed a special committee
of independent directors to evaluate any proposal.
    A group led by Erik and Peter Nordstrom sent a non-binding
letter to the committee proposing a transaction whereby they
would form a new entity to buy the department store chain.

 (Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by
Shilpi Majumdar and Arun Koyyur)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam;))