On December 23, 2024, Nordstrom, Inc., announced it signed a definitive agreement under which Erik, Pete and Jamie Nordstrom, other members of the Company’s founding family and Mexican retailer El Puerto de Liverpool have agreed to acquire all of Nordstrom’s outstanding shares in an all-cash transaction valued at approximately $6.25 billion on an enterprise basis. Subject to the satisfaction of closing conditions, following the transaction, the Nordstrom family will have a majority ownership stake in the Company it founded a century ago. Under the terms of the agreement, Nordstrom’s shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold.

WilmerHale represents the Nordstrom family in the transaction. The WilmerHale team includes M&A Partners Keith Trammell and Michael Gilligan, finance Partners Chalyse Robinson and Nathan Moore, securities Partners Alex Bahn and Glenn Pollner, tax Partners William Caporizzo and Meghan Walsh, and executive compensation and benefits Partners Kim Wethly and Amanda Albert.