Diamonds and Dogs
The piano may be playing its last song at Nordstrom (JWN). Nordstrom jumped 5% on news the company may get taken private. The Nordstrom's family who collectively own a 31.2% stake in the company, are nearing a deal with private-equity firm Leonard Green & Partners LP to help fund a buyout. Leonard Green will give the Nordstrom family members $1 billion in equity to fund the deal to take it private, which is not yet finalized and likely, will not be for several more weeks, according to sources.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.