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Nordstrom to be taken private by founding family for $4 bln
STORY: The founding family of Nordstrom has secured a deal to take the department store chain private.\n\nLed by CEO Erik Nordstrom and President Pete Nordstrom, the family will join forces with Mexican retailer El Puerto de Liverpool to acquire the struggling chain for nearly $4 billion in an all-cash deal.\n\nThe move comes at a time when ...
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