Nordstrom family to take high-end retail chain private in $4B deal: ‘Exciting new chapter ‘

Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for nearly $4 billion in an all-cash deal, going private at a time when high-end retailers are grappling with slow demand.The company’s shareholders will get$24.25 for each share they own, Nordstrom said on Monday, an increase from a $23 offer made by the parties in September for shares they did not already own.The Nordstrom family will retain majority ownership of the company with 50.1%, while the remai ...