Nordstrom on Monday announced it has agreed to be taken private in an acquisition by members of the Nordstrom family and Mexican retail group El Puerto de Liverpool in a deal worth $6.25 billion.
Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family and Liverpool will acquire outstanding shares not already owned by the Nordstrom family and Liverpool in an all-cash transaction, giving the Nordstrom family a majority ownership stake, the company said.
