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.
Nordstrom family's buyout efforts may not be over
Sign up for NRF SmartBrief
News about the U.S. retail industry
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.