Seattle-based Nordstrom has agreed to be acquired and taken private by members of the longtime retail family and El Puerto de Liverpool, a Mexican retailer, in an all-cash-deal valued at $6.25 billion, the company announced Monday.

As part of the deal, the Nordstrom family will have majority ownership in the company, with 50.1%, and El Puerto de Liverpool will own 49.9%.

After the acquisition, the Nordstrom family will own a 50.1% stake while El Puerto de Liverpool will hold the remaining 49.9%.