Deals
Ryan Cohen Drops Plan to Nominate Nordstrom Board Candidates
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Ryan Cohen, the meme-stock investor turned activist, failed to appoint directors to Nordstrom Inc. after amassing a stake in the retailer with the aim of replacing at least one board member, according to people with knowledge of the matter.
Cohen had notified Nordstrom of his intention to nominate two board candidates at Nordstrom’s annual meeting but withdrew that notice, said the people, who asked to not be identified because the matter isn’t public.