Nordstrom Inc (NYSE:JWN) shares are spiking Tuesday morning following a report suggesting the company is looking to go private.
What Happened: The founding family behind Nordstrom wants to take the company private, according to Reuters. The news comes about six years after the founding family’s previous attempt to take the U.S. department store operator private.
People familiar with the matter reportedly said Nordstrom has reached out to Morgan Stanley and Centerview Partners and asked them to gauge interest for a potential deal with private equity firms. The sources noted that there is no certainty a deal will happen.
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