09:53 AM EDT, 03/19/2024 (MT Newswires) -- Nordstrom ( JWN ) shares were up more than 12% in recent trading after the company's founding family plans to take the company private, Reuters reported Tuesday, citing unnamed people familiar with the situation.

The retailer has reached out to Morgan Stanley ( MS ) and Centerview Partners to gauge interest in a potential deal from private equity firms, the sources told the news outlet.

There is no guarantee that an agreement will take place. Six years ago, a similar attempt proved unsuccessful, Reuters said.

Nordstrom ( JWN ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 19.18, Change: +2.12, Percent Change: +12.42