American luxury department store chain Nordstrom will be taken private in a $6.25 billion deal, according to a company announcement.
On Dec. 23, Seattle-based Nordstrom announced it signed a definitive agreement with members of the Nordstrom family and Mexican company El Puerto de Liverpool, S.A.B. de C.V. to purchase all of the outstanding common shares of Nordstrom that the Nordstrom family and Liverpool do not already own. Nordstrom first went public in 1971.
