Nordstrom nears deal to take company private

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The Nordstrom family may choose Leonard Green & Partners to help take the Seattle-based retailer private, according to CNBC. The California-based private equity firm would provide the Nordstrom family, which has 10 stores in the North Texas region, with roughly $1 billion in equity, while the family group is in talks with banks about borrowing $7 billion to $8 billion to help fund the deal, CNBC reported, citing unidentified people who were familiar with the matter. CNBC said the deal has not been...

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