Waiting period for proposed sale of Eddie Bauer expires
05/01/2007
Washington-based casual sportswear and outdoor accessories retailer Eddie Bauer Holdings, Inc. has announced that, with respect to its proposed sale to Eddie B Holding Corp.—owned by affiliates of Sun Capital Partners, Inc. and Golden Gate Capital—the waiting period required under the Hart- Scott-Rodino Antitrust Improvements Act of 1976 has expired without a request for additional information from the US Federal Trade Commission.
The company has entered into a definitive agreement for the sale of Eddie Bauer to Eddie B Holding Corp. for $9.25 per share in cash. The transaction is expected to close in the first quarter of 2007, subject to the satisfaction of previously disclosed closing conditions.
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