Nordstrom Inc. said Monday that it has suspended active exploration for the balance of the year of the possibility of taking the company private.
Nordstrom intends to continue its efforts to explore the possibility of making a going private proposal after the conclusion of the holiday season.
The Special Committee of Nordstrom is being advised by Centerview Partners LLC as financial adviser and Sidley Austin LLP as legal counsel.
After the announcement, shares of the company fell 6.1 percent to $40.04 in premarket trading on Wall Street.
Earlier this year, Nordstrom revealed its intent to pursue going private.