1. Nordstrom Adopts 'Poison Pill' Measure to Keep Potential Buyers at Bay

    Nordstrom Adopts 'Poison Pill' Measure to Keep Potential Buyers at Bay

    Nordstrom Inc. adopted a poison pill Tuesday in an attempt to avoid any hostile takeover attempts following the flurry of such bids that buffeted Kohl’s Corp. for months. The Nordstrom board approved the move, formally known as a shareholder rights plan, days after El Puerto de Liverpool SAB, a Mexican company that operates an upscale department store chain, disclosed a 9.9% stake in the US retailer. That makes Liverpool the second-largest shareholder after the Nordstrom family...

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