Nordstrom’s $6.25 Billion Take Private Deal Feeds Big Law Firms

Several leading M&A law firms are steering a sweeping deal to take century-old retail chain Nordstrom Inc. private.

The Nordstrom family and Mexican department store chain El Puerto de Liverpool SAB will acquire all outstanding common shares of Nordstrom in a transaction valued at about $6.25 billion, including debt, the company said Monday. The Nordstrom family will maintain a majority stake in the company of 50.1% and Liverpool will own 49.9%.

Lawyers from Sidley Austin and Perkins Coie are steering the special committee of the Nordstrom board of directors. Wilmer Cutler Pickering Hale and Dorr, Lane Powell, and Davis Wright ...