The Nordstrom family is partnering with Mexican retailer El Puerto de Liverpool to take the department store private in a $6.25 billion cash transaction.
This move signifies the family's belief that the century-old chain will prosper away from public market scrutiny, especially as shares fell 40% over five years.
Common shareholders will receive $24.25 per share, mirroring recent trading prices, highlighting the company's decline since its peak revenue of $15.9 billion in 2019.
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