Nordstrom rejects acquisition bid from members of the Nordstrom family

Nordstrom Inc. said late Tuesday the special committee of the board has terminated talks with several Nordstrom family members who wanted to acquire the company and take it private. Nordstrom stock was down nearly 5% in late trading, after closing down a fraction to $49.35. The company said it couldn’t agree with the family on a price. Nordstrom stock has gained 4.2% this year, as the benchmark S&P 500 index rose 1.5%.

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