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Nordstrom Inc (JWN.N)

JWN.N on New York Stock Exchange

47.80USD
26 Jun 2017
Change (% chg)

$-0.20 (-0.42%)
Prev Close
$48.00
Open
$48.10
Day's High
$48.28
Day's Low
$47.49
Volume
386,250
Avg. Vol
666,090
52-wk High
$62.81
52-wk Low
$35.02

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Mon, Jun 26 2017

Alibaba-backed Best Inc bets on China logistics boom with U.S. listing

HONG KONG Best Inc, a Chinese logistics company backed by Alibaba Group , said it aims to raise up to $750 million from an initial public offering in the United States, betting an e-commerce boom in China will spur demand for its package delivery services and supply chain technology.

UPDATE 2-Alibaba-backed Best Inc bets on China logistics boom with U.S. listing

* Best Inc revenue more than doubled in three months to March (Adds China logistics market, Best Inc's financials, main shareholders)

Alibaba-backed Best Inc files for IPO

June 26 Best Inc, a Chinese logistics company backed by Alibaba Group Holding Ltd, on Monday filed for an initial public offering of American depositary shares to raise up to $750 million.

BRIEF-Best Inc files for U.S. IPO of $750 mln of ADSs

* Best Inc says alibaba investment limited owns 23.4 percent of ordinary shares prior to the offering

Exclusive: Nordstrom family launches search for buyout partner - sources

A group of Nordstrom Inc family members is talking to buyout firms about raising $1 billion to $2 billion in equity to fund a potential bid to take the U.S. department store operator private, according to people familiar with the matter.

Nordstrom family explores taking retailer private, shares surge

Department store operator Nordstrom Inc said on Thursday that some members of the Nordstrom family were considering taking the company private as it struggles with an industry-wide sales slowdown. | Video

UPDATE 7-Nordstrom family explores taking retailer private, shares surge

June 8 Department store operator Nordstrom Inc said on Thursday that some members of the Nordstrom family were considering taking the company private as it struggles with an industry-wide sales slowdown.

Nordstrom might struggle for private backing as mall stores lose value

CHICAGO/NEW YORK Nordstrom Inc's founding family could face a drawn-out search for backers to help it take the retailer private as investors shy away from brick-and-mortar department stores under assault from Amazon.com Inc and other online competitors.

Nordstrom might struggle for private backing as mall stores lose value

CHICAGO/NEW YORK, June 8 Nordstrom Inc's founding family could face a drawn-out search for backers to help it take the retailer private as investors shy away from brick-and-mortar department stores under assault from Amazon.com Inc and other online competitors.

Nordstrom could be well suited for a buyout

DALLAS (Reuters Breakingviews) - Nordstrom insiders have chosen a good time to consider taking the business out of the public eye. A modestly leveraged buyout of the $7.6 billion U.S. clothing seller – recently most famous for dropping first daughter Ivanka Trump's clothing line – looks doable with members of the eponymous family rolling over their stakes. The growing list of retailers struggling with debt should sound a note of caution, though.

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