Feb 23 (Reuters) - Nordstrom Inc's founding family group is finalizing plans to submit an offer to take the U.S. department store operator private, people familiar with the matter said on Friday.
The group met with investment banks last week and is hoping to submit an offer as early as next month once the banks get approval from their credit committees to provide the financing, the sources said. Details of the offer could not be learned.
The sources asked not to be identified because the deliberations are confidential. Nordstrom did not respond to a request for comment.
The Nordstrom family group, which has partnered with buyout firm Leonard Green & Partners LP, had suspended its attempt to take the company private in October because of difficulties in arranging debt financing for its bid ahead of the key holiday shopping season. (Reporting by Greg Roumeliotis and Harry Brumpton in New York; Additional reporting by Joshua Franklin and Andrew Berlin in New York; Editing by Tom Brown)