Why do companies go private?

We learned last week that the founding family of the department store chain Nordstrom is looking to take the company private, according to an exclusive report from Reuters. This comes about six years after Nordstrom previously tried and failed to go private.

The news raises some questions about why a company would decide to make this move in the first place, and how the process works. William R. Snow is managing director at Focus Investment Banking and an expert on mergers and acquisitions. He spoke with “Marketplace Morning Report” host Sabri Ben-Achour for more on this, and the following is an edited transcript of their conversation. Read more at Marketplace.