Shares of Nordstrom Inc. jumped in the extended session Tuesday following a report that the retailer is taking steps to go private. Nordstrom shares, which jumped more than 10% following the report, were last up 7.7% at $48.52 after hours, following a 0.7% rise in the regular session. Late Tuesday, CNBC reported that Nordstrom family members were close to choosing private-equity firm Leonard Green & Partners to help fund about $1 billion for a buyout. At the close, Nordstrom had a market cap of $7.49 billion. The Nordstrom family is reportedly talking to banks to secure up to $8 billion to finance the deal. Nordstrom family members own just over 30% of outstanding shares, according to FactSet.
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