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Nordstrom family's buyout efforts may not be over

The Nordstrom board's decision to turn down a buyout offer by the retailer's founding family members leaves the door open for the same group to make a higher offer and also creates opportunities for rival bidders, experts said. "The family buyers have to consider whether they can get a deal done and whether they want to pay more for the business," said Richard Kestenbaum, a co-founder of mergers and acquisitions advisory firm Triangle Capital.

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