Nordstrom family will take retailer private in $4 billion deal

SEATTLE, Washington: The Nordstrom family, in partnership with Mexican retailer Liverpool, has secured a US$4 billion deal to take the iconic department store chain Nordstrom private.

The move comes six years after an earlier attempt fell through.

Announced at $24.25 per share, the deal gives the Nordstrom family majority ownership and an opportunity to revitalize the company away from the public eye. Th