Skittish Lenders May Have Just Killed Nordstrom's Go-Private Deal

In June, Nordstrom (NYSE: JWN) stock rocketed higher from the $40 level to around $48 after members of the founding family announced they were interested in taking the company private.

Since then, Nordstrom shares have given back all of their gains as a steady stream of media reports indicated that the Nordstrom family was having trouble arranging the necessary financing. This culminated in an announcement on Monday that the family is suspending its buyout attempt at least through the end of the year.

Source: Fool.com