Nordstrom founders offer $23 per share to take department store private

(Corrects syntax in headline)

(Reuters) -Nordstrom’s founding family has made a bid to take the department store chain private by offering $23 per share in cash for the stake they do not already own, a filing showed on Wednesay.

The company’s board had in April formed a special committee of independent directors to evaluate any proposal.

A group led by Erik and Peter Nordstrom (NYSE:) sent a non-binding letter to the committee proposing a transaction whereby they would form a new entity to buy the department store chain.