Nordstrom Announces Exploration of Going Private Transaction by Nordstrom Family and Formation of Special Committee
The Company's board of directors has formed a special committee (the "Special Committee") comprised of the independent directors to act on behalf of the Company in connection with such exploration by the Nordstrom family and any possible transaction. The Special Committee has retained
No assurances can be given regarding the terms and details of any transaction, that any proposal will be made by the Group, that any proposal made by the Group regarding a proposed transaction will be accepted by the Special Committee, that definitive documentation relating to any such transaction will be executed, or that a transaction will be consummated in accordance with that documentation, if at all.
Certain statements in this news release contain or may suggest "forward-looking" information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to, risks related to disruption of management's attention from the Company's ongoing business operations due to the exploration of a possible "going private transaction" by the Nordstrom family and the effect of the announcement of the exploration of such a transaction on the Company's relationships with its customers, suppliers, partners, operating results and business generally. Our
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