{"id":1648591,"date":"2022-09-20T08:50:05","date_gmt":"2022-09-20T12:50:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1648591"},"modified":"2022-09-20T08:50:13","modified_gmt":"2022-09-20T12:50:13","slug":"nordstrom-adopts-poison-pill-days-after-mexican-peer-buys-stake","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nordstrom-adopts-poison-pill-days-after-mexican-peer-buys-stake\/","title":{"rendered":"Nordstrom adopts \u2018poison pill\u2019 days after Mexican peer buys stake"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnordstrom-adopts-poison-pill-days-after-mexican-peer-buys-stake%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1648591&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) -Nordstrom Inc has adopted a \u201cpoison pill\u201d to prevent investors from amassing 10% or more of its shares, the company said on Tuesday, just days after a Mexican retailer built a stake in the luxury department store chain.<\/p>\n<p>Nordstrom said the shareholder rights plan, which will expire in September next year, has not been adopted in response to any specific takeover bid and is not intended to deter buyout offers.<\/p>\n<p>Last week, Mexican department store chain Liverpool disclosed a 9.9% passive stake in Nordstrom, in a bid to diversify its geographic foothold.<\/p>\n<p>Liverpool is currently the second-biggest shareholder, behind former Chairman Bruce Nordstrom, according to Refinitiv.<\/p>\n<p>Other members of Nordstrom\u2019s founding family, including Chief Executive Officer Erik Nordstrom and President Peter Nordstrom, are also among its top shareholders.<\/p>\n<p>Poison pills make a takeover more expensive or difficult by allowing existing shareholders to buy shares at a discount, diluting a suitor\u2019s ownership stake.<\/p>\n<p>Nordstrom last month joined department store peers Macy\u2019s Inc and Kohl\u2019s Corp in slashing its annual earnings forecast, reeling under an inventory glut that has forced retailers to offer steep discounts amid a slump in demand.<\/p>\n<p> (Reporting by Deborah Sophia in Bengaluru; Editing by Shounak Dasgupta and Anil D\u2019Silva)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Nordstrom Inc has adopted a \u201cpoison pill\u201d to prevent investors from amassing 10% or more of its shares, the company said on Tuesday, just days after a Mexican retailer<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1648591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1648591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1648591"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1648591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1648591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1648591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1648591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}