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> Nordstrom Inc. is going private in an all-cash transaction valued at about $6.25 billion in a bet by the founding family that the department-store company wil
by infogulch 2y ago
> Nordstrom Inc. is going private in an all-cash transaction valued at about $6.25 billion in a bet by the founding family that the department-store company will be more successful without the scrutiny and demands of the public market.
> As part of the transaction, the family will acquire all of the outstanding common shares of Nordstrom not already beneficially owned by the Nordstrom Family and Mexican department store chain El Puerto de Liverpool SAB.
> Under the terms of the agreement, Nordstrom common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold. The Nordstrom Family will have a majority ownership stake in the company.
- https://archive.is/soEKw https://archive.is/soEKw
- Loughla 2y agoWhat happens if I don't want to sell my shares? I don't understand how that works.
- dghlsakjg 2y agoA vote by the majority of the shareholders will determine what happens. If you don’t want to sell your shares, prepare to convince a majority of the shareholders otherwise. This will be very hard since 45% of the company is owned by the people making the buyout offer.
- Horffupolde 2y agoThere are drag along clauses or forced buyout clauses of public shares.
- incognition 2y agoYou’re a common shareholder
- adeelk93 2y agoYou never know on HN. Perhaps their last name is Nordstrom.
- mmh0000 2y agoYou should probably know these things before choosing to invest in the stock market. The TL;DR of it is that your shares will be sold for you, and money will be deposited into your account. As a "common" shareholder, you don't get a choice in the matter (I mean, you can "vote", but common share votes aren't worth the email they're printed on).
- Loughla 2y agoThis is one of many reasons I do not invest directly in stocks. I have enough b.s. to think about in my day to day life. Index funds for the win, I guess.