Nordstrom adopts ‘poison pill’ to ward off unsolicited takeover
September 20, 2022
Nordstrom adopted a “poison pill” provision to prevent investors from taking a greater than 10 percent stake in the company. The retailer took the action after it was publicly disclosed that the Mexican department store operator Liverpool acquired a 9.9 percent stake in Nordstrom.
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.