Iman Anabtawi Speaks With Seattle Times on Nordstrom Family Buyout

Professor Iman Anabtawi spoke with The Seattle Times about the Nordstrom family group’s proposition to take the Seattle retailer private—an offer that was rejected by the company’s independent directors last week. Although the Nordstrom family’s offer represented a 24% premium to the Company’s $40.48 share price on June 7, 2017, the stock price before the family group’s interest in a take-private transaction was announced, the directors still found the deal to be inadequate. “The fact that the offer is higher or even substantially higher than that [June 7] price is not indicative of whether it is the highest value transaction reasonably available,” said Anabtawi.

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