Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal

Nordstrom, a century-old department store, will be acquired and taken private by its family members and Mexican retail group El Puerto de Liverpool for $6.25 billion. The deal includes paying shareholders $24.25 per share and assumes over $2 billion in debt. This strategic move aims to revive Nordstrom without the constraints of public market scrutiny.