Nordstrom Inc. shares are up 4.6% in Friday trading after a Reuters report that the luxury retailer is finalizing plans to go private. The Nordstrom family has met with investment banks and could submit the offer next month. Nordstrom suspended previous talks to go private after talks for a $10 billion deal with private-equity firm Leonard Green & Partners faltered. Nordstrom shares are up 19.6% for the past year while the S&P 500 index is up 15.4% for the last 12 months.
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