Wednesday, March 21, 2018

No deal: Nordstrom family’s price not enough for board

Seattle Times

Nordstrom family members were apparently unwilling or unable to substantially boost their $50-a-share offer for the company that bears their name, prompting the retailer’s independent directors Tuesday to terminate buyout discussions.

A board committee said in a statement late Tuesday “it could not reach agreement with the group on an acceptable price for the company.”. . . more