<ul><li>The Nordstrom family, along with Mexican retailer Puerto de Liverpool, have acquired all of Nordstrom's outstanding common stock in a deal valued at approximately $6.25 billion.</li><li>The transaction gives the Nordstrom family a majority ownership stake in the now-private company.</li><li>The deal was approved unanimously by the Nordstrom board, with Erik and Pete Nordstrom recusing themselves.</li><li>Nordstrom's CEO, Erik Nordstrom, expressed excitement about the future of the business and enhancing the customer experience.</li></ul>

Nordstrom Founding Family Takes Retailer Private in $6 Billion Deal

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