Department store Nordstrom agrees to be acquired and taken private
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(ABC 6 News) — The department store Nordstrom has agreed to be acquired and taken private in a deal worth over $6 billion.
The company says it reached an agreement with Nordstrom family members and a Mexican retail group.
Nordstrom’s board of directors unanimously approved the deal. Stockholders will receive $24.25 for each share of the stock.
The deal is expected to close early next year.