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Nordstrom Goes Private in $6.25 Billion Deal

Upon closing, the Nordstrom family will own just over 50 percent of the company, while Mexican retailer Liverpool will own the rest.
Nordstrom at The Grove, Los Angeles | Source: Shutterstock
Nordstrom at The Grove, Los Angeles. Shutterstock. (Shutterstock)

The Nordstrom family has finally taken their namesake department store chain private after its board of directors unanimously approved the transaction, the company announced Monday morning.

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