(AOF) – As part of its latest evaluation, the Nordstrom board of directors authorized “the exploration of opportunities to improve the group’s shareholder value”. During this process, Erik and Pete Nordstrom, chief executive officer and president, respectively, of the retail chain, expressed to the board of directors their interest in a potential transaction, in which the company would become a private company . Following this announcement, Nordstrom decided to form a special committee of independent directors.
The Special Committee will carefully evaluate any proposals from Erik and Pete Nordstrom and any proposals from other parties, and determine whether they are in the best interests of all shareholders.
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