Nordstrom Adopts Poison Pill After Mexican Retailer Buys Stake

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Nordstrom Adopts Poison Pill After Mexican Retailer Buys Stake



Nordstrom adopted a so-called poison pill to prevent outsiders from boosting their stake in the business after a Mexican company acquired a 9.9% stake in the upscale U.S. retailer. 

A roughly $300 million investment made El Puerto de Liverpool SAB—which operates high-end department stores in Mexico—the second largest shareholder after the founding Nordstrom family, which owns about 30% of the Seattle company.

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