Nordstrom issued a 14A today (April 17th) and on page 79 it says:
“In addition, on March 6, 2023, RC Ventures LLC (“RC Ventures”), an investment vehicle of Ryan Cohen, disclosed to the Company that it owned 4.2% of the Company’s common stock and formally requested a waiver from the Rights Plan that would permit RC Ventures to acquire up to 19.9% of the Company’s Common Stock (above the 10% trigger of the Rights Plan). If RC Ventures were permitted to and did acquire 19.9% of the Common Stock, then shareholders other than members of the Nordstrom family, Liverpool and RC Ventures (the “Other Public Shareholders”) would collectively own less than 40% of the outstanding Common Stock. The Rights Plan will terminate in accordance with its terms on September 19, 2023.”
[link] [comments] https://www.reddit.com/r/stocks/comments/12pzo5d/ryan_cohen_wanted_to_buy_20_of_nordstrom_last/
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