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Is the Nordstrom family thinking of another go at taking Nordstrom Inc. private?
On a day when U.S. equity markets fell after the Federal Reserve cut rates by a quarter of a point because Wall Street was hoping for additional cuts down the road, shares of Nordstrom Inc. were the outlier, spiking up nearly 7.9 percent.
Nordstrom shares rose on a report that the founding family was assembling a plan to acquire additional shares that would give it more than a 50 percent majority stake in the company, higher than its current 34 percent stake.
Nordstrom executives could not be reached for comment. News of the possible plan by the family to acquire more shares was first reported by the Wall Street Journal.
The Nordstrom family originally explored the...