Nordstrom To Be Taken Private by Founding Family in $6.25B Deal

Key TakeawaysNordstrom agreed to be taken private by its founding family and Mexican retailer El Puerto de Liverpool in a deal valuing the department store chain at about $6.25 billion.The company will be owned 50.1% by members of its founding family, and 49.9% by El Puerto de Liverpool.Shareholders will receive $24.25 per share, a few cents above the stock's intraday price Monday. Nordstrom (JWN) will soon be off the stock market, after agreeing to be taken private by its founding family and Mexican retail ...