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Nordstrom deal to take company private

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Nordstrom has reached a deal to be taken private by its founding family and a Mexican retail business.

The deal with the Nordstrom family and El Puerto de Liverpool values Nordstrom at $6.25 billion.

Shareholders are slated to receive $24.25 in cash for each share of Nordstrom common stock. A special dividend also is planned when the transaction closes.

Read more from The New York Times.

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