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March 21, 2018

Nordstrom buyout talks are over

NEW YORK (AP) — Department store operator Nordstrom ended buyout talks with family members of the company's founder, saying Tuesday it couldn't get the group to raise its price.

Nordstrom had rejected an offer of $50 a share earlier this month from the family group — which includes high-level company executives — and called the price “inadequate.” At the time, the shares were trading above that level.


 
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