James Angel, professor of finance at Georgetown McDonough, is quoted in an article in TheStreet about Nordstom, Inc.:
A second, more interesting, possibility is that another buyer could swoop in. The special committee voted down the family’s proposal, presumably, to protect the interests of minority shareholders. If the board is contending that $50 is too low, “they probably have a sense of what other players are willing to pay,” Angel said.
To read the full article, visit https://www.thestreet.com/story/14512520/1/what-s-next-for-nordstrom.html.