Nordstrom is no longer a publicly traded company: the Nordstrom family and Mexico-based El Puerto de Liverpool completed their acquisition on May 20, 2025. The announced approximately $6.25 billion figure was the deal’s enterprise value—not the amount paid directly to each shareholder. Eligible public shareholders were entitled to $24.25 in cash per common share, plus specified cash dividends.
What happened to Nordstrom?
The Nordstrom family partnered with El Puerto de Liverpool, a Mexico-based retailer, to acquire the outstanding Nordstrom common shares not already beneficially owned by the buyer group. Nordstrom announced the transaction in December 2024 and completed it on May 20, 2025. Nordstrom common stock ceased trading before the New York Stock Exchange opened on May 21, 2025, as the shares were to be delisted. Nordstrom and the SEC reported the completion and transaction terms in 2025 (Nordstrom completion announcement; SEC completion filing).
| # | Preview | Product | Price | |
|---|---|---|---|---|
| 1 |
|
Nordstrom Physical Gift Card | Buy on Amazon | |
| 2 |
|
Nordstrom eGift Card | $100.00 | Buy on Amazon |
| 3 |
|
Nordstrom eGift Card | $100.00 | Buy on Amazon |
| 4 |
|
Nordstrom Rack eGift Card | $200.00 | Buy on Amazon |
Why is the deal called a $6.25 billion valuation?
Nordstrom described the announced transaction as having an approximate $6.25 billion enterprise value. Enterprise value is a measure of the value of the business as a whole; it is not the same as the cash consideration paid for each eligible share. The per-share merger consideration was $24.25 in cash. The company said that represented an approximately 42% premium to the unaffected closing share price on March 18, 2024, which it identified as the last trading day before media speculation about a potential transaction (Nordstrom’s December 2024 announcement).
| Figure | What it means |
|---|---|
| Approximately $6.25 billion | Announced enterprise value of the transaction, as described by Nordstrom in 2024. |
| $24.25 per share | Cash merger consideration for each eligible Nordstrom common share, announced in 2024 and confirmed at completion in 2025. |
| $0.25 per share | Special cash dividend included in the completion payments. |
| $0.1462 per share | Stub-period quarterly cash dividend included in the completion payments. |
The dividends were additional specified cash payments, not a change to the $24.25 merger consideration. Nordstrom’s completion announcement and SEC filing report the dividend amounts alongside the closing terms (Nordstrom completion announcement; SEC completion filing). Eligibility and payment details are governed by the transaction documents.
Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minute#1 Best Overall
- INSTANT OR MAIL DELIVERY – Choose a digital eGift Card for instant email delivery (perfect for last-minute gifting) or a physical card mailed to you or your recipient for a classic gift experience.
- FOR WOMEN, MEN & KIDS – Shop fashion, beauty, fragrance, shoes, accessories, home, and kids’ styles from top and emerging designer brands — something for everyone.
- USE ONLINE OR IN STORES – Redeem at Nordstrom, Nordstrom Rack, and Nordstrom.com with access to free styling, convenient pickup options, and easy returns.
- PERFECT FOR EVERY OCCASION – Holiday gifting, Secret Santa, Christmas, birthdays, weddings, anniversaries, graduations, thank-you gifts, corporate gifting and more — a flexible gift everyone loves.
- NO FEES OR EXPIRATION – The gift that always fits. No expiration dates, no fees — just premium shopping and endless style possibilities. No returns and no refunds on gift cards.
What were the ownership and payment terms?
Ownership after closing
Nordstrom announced that, after closing, the Nordstrom family would own 50.1% and El Puerto de Liverpool would own 49.9% of the company. This split describes ownership between the two buyer partners; it is not a division of the former public shareholders’ proceeds.
Cash for eligible public shares
The announced merger consideration was $24.25 in cash for each eligible common share. At completion, Nordstrom also reported a $0.25-per-share special cash dividend and a $0.1462-per-share stub-period quarterly cash dividend. These terms distinguish the original deal announcement from the final completion: the $24.25 consideration was proposed in 2024, and the company and SEC confirmed closing and the additional dividend payments in 2025 (announcement; completion; SEC filing).
Rank #2
- A card to fit every occasion, Birthday or graduation, wedding or new baby, a simple thanks or just because. Whatever the reason, they'll love the gift of choice.
- Gift Cards can be redeemed for things they love - online and in our stores. From the newest fashion, shoes and beauty services, to restaurant dining or a favorite coffee drink.
- Online shopping (with free shipping and returns) lets Nordstrom serve more customers in more ways with a fresh, relevant shopping experience and inspiring style.
- No returns and no refunds on gift cards.
Was the family buyback only a proposal?
No. The agreement was announced in December 2024, but the acquisition was completed on May 20, 2025. Nordstrom common shares stopped trading before the NYSE opened the following day, marking the end of public trading in the company’s stock. At completion, co-CEO Erik Nordstrom called it “an important milestone in our nearly 125-year history” (Nordstrom completion announcement).
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What context did Nordstrom give for the transaction?
Nordstrom’s April 2025 proxy describes a previous family effort to take the company private in 2017–2018. Those discussions ended without agreement after the special committee and family group could not agree on an acceptable price. The proxy also discusses competition facing full-line department stores from specialty and off-price retailers, e-commerce, and direct-to-consumer sellers, as well as declines in store productivity and operating margins since 2014. That is the company’s account of industry and business context, not proof that any single pressure caused the 2024 transaction (Nordstrom’s April 2025 proxy statement).
The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Rank #3
- A card to fit every occasion, Birthday or graduation, wedding or new baby, a simple thanks or just because. Whatever the reason, they'll love the gift of choice.
- Gift Cards can be redeemed for things they love - online and in our stores. From the newest fashion, shoes and beauty services, to restaurant dining or a favorite coffee drink.
- Online shopping (with free shipping and returns) lets Nordstrom serve more customers in more ways with a fresh, relevant shopping experience and inspiring style.
- Redeemable in Nordstrom and Nordstrom Rack stores in the U.S. and Online
- No returns and no refunds on gift cards.
Nordstrom’s special committee chair, Eric Sprunk, said in the December 2024 announcement that the committee unanimously concluded the transaction offered greater value to public shareholders at a significant premium. That statement represents the committee’s assessment; the premium Nordstrom cited was measured against the March 18, 2024 closing price, not a guarantee about the company’s future value or performance (Nordstrom’s announcement).
Quick Recap
Rank #4
- Whether you need a gift for a special event or just because, we have a card to fit every occasion. Just choose the amount and the design - and they'll get to pick from all the amazing deals at Nordstrom Rack.
- Gift Cards can be redeemed for things they love - online and in our stores. It can be used to get great deals anytime, like when new arrivals drop or during our amazing sales and flash events.
- Serving up clothing, shoes and accessories for the whole family, plus beauty and home décor - up to 70% off every day.
- Redeemable in Nordstrom and Nordstrom Rack stores in the U.S. and Online
- No returns and no refunds on gift cards.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
