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.

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