Eddie Bauer Holdings, Inc. announced that, at a special meeting of stockholders, an insufficient number of shares were voted in favor of approving the Company's proposed sale to Eddie B Holding Corp., a company owned by affiliates of Sun Capital Partners, Inc. and Golden Gate Capital, for $9.25 in cash per share.
As a result of this vote by stockholders, Eddie Bauer will continue to operate as a standalone publicly traded entity. The Eddie Bauer Board of Directors will be evaluating appropriate next steps for the Company.
