08:40 AM EST, 12/23/2024 (MT Newswires) -- Nordstrom ( JWN ) said Monday it has signed a definitive agreement under which members of the Nordstrom ( JWN ) family and El Puerto de Liverpool will acquire all outstanding common shares of the company in an all-cash deal valued at about $6.25 billion on an enterprise basis.

After the transaction closes, the Nordstrom ( JWN ) family will own a majority stake in the company, Nordstrom ( JWN ) said.