Flash Report 2 minutesRegister for Free AccessNordstrom Announces Exploration of “Going Private” Transaction Coresight Research June 9, 2017 Executive Summary Nordstrom announced today that members of the Nordstrom family and Anne Gittinger have formed a group to explore the possibility of pursuing a “going private” transaction that would acquire 100% of the outstanding shares of the company. The group did not offer a proposal. Nordstrom’s board of directors formed a special committee consisting of the independent directors to act on behalf of the company with regard to any possible transaction, and it retained a financial advisor and legal counsel. There was no additional information provided, and there is no guarantee that the group will make an offer or that a transaction will occur. The five Nordstrom family members and the Gittinger estate together own 30.1% of the company’s shares, according to S&P Capital IQ. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 14: Harbor Freight Tools and Urban Outfitters Drive US OpeningsIndications of a Summer Wind-Down Emerge: US Consumer Tracker 2023, Week 34Data Dive: The Grocery-Store Categories Where US Shoppers Are Cutting Purchases the Most3Q23 US Earnings Season Wrap-Up: Mixed Performances Amid Weak Demand and Economic Uncertainty