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Johnson Fistel Investigates Proposed Sale of Nordstrom: Is $24.25 a Fair Price?

1. Johnson Fistel launched an investigation into Nordstrom's sale agreement. 2. The proposed buyout price is $24.25 per share. 3. The investigation questions if the board fulfilled fiduciary duties. 4. Shareholders believe the proposed price may undervalue Nordstrom. 5. The outcome could impact shareholder rights and Nordstrom's valuation.

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FAQ

Why Bearish?

Investor skepticism may negatively affect JWN's stock price, similar to past investigations that led to declined valuations.

How important is it?

The article's focus on fiduciary duties and shareholder interests could substantially affect Nordstrom's negotiations and valuation.

Why Short Term?

Immediate market reactions to the investigation may influence JWN's price quickly.

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JWNELPUF
SAN DIEGO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Nordstrom, Inc. (NYSE: JWN) breached their fiduciary duties in connection with the proposed sale of the Company to Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the “Nordstrom Family”) and El Puerto de Liverpool, S.A.B. de C.V. Under the proposed acquisition agreement, Nordstrom shareholders would receive $24.25 per share in cash. Johnson Fistel is examining whether this compensation is fair and whether the process leading to the agreement adequately valued the company. The investigation focuses on whether Nordstrom’s Board of Directors fulfilled their fiduciary duties to shareholders, including whether they properly explored alternative options and ensured the sale price reflects the full value of Nordstrom shares. The goal is to safeguard shareholder interests throughout the transaction. You can click or copy and paste the following link to join this investigation:https://www.johnsonfistel.com/investigations/nordstrom-inc. If you are a shareholder of Nordstrom and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number. About Johnson Fistel, LLP: Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices. Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, LLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471jimb@johnsonfistel.com or fjohnson@johnsonfistel.com

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