Nordstrom said Monday that it would be taken private after agreeing to be acquired by members of the Nordstrom family and a Mexican department store company. The Nordstrom family and El Puerto de Liverpool will purchase all outstanding common shares they don’t already own in a cash transaction valued at roughly $6.

Clothing retail giant Nordstrom announced on Monday that it is going private in a $6.25 billion deal involving the founding family members of the company and Mexican department store El Puerto de Liverpool.

Shares in Nordstrom fell as much as 1.3% on Monday in New York.

Nordstrom has signed an agreement that has the Nordstrom family and Mexican department store chain "El Puerto de Liverpool" acquiring all its common shares in a deal valued at around $6.25 billion.