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Nordstrom Inc. (JWN) Is Down After Rejecting Going Private Proposal

Nordstrom Inc. (JWN) announced after the close Monday that the Special Committee of its Board of Directors has rejected an acquisition proposal from an investor group consisting of members of the Nordstrom family. The offer was for $50.00 per share in cash.

Nordstrom declined until around noon Monday and finished with a loss of 1.14 at $51.90. The stock is now down 1.17 on 386K shares after the close.

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