Judge OK’s $286M Eddie Bauer Sale To Golden Gate

Law360, New York (July 23, 2009, 12:15 AM EDT) -- Bankrupt retailer Eddie Bauer Holdings Inc. is expected to close the $286 million sale of its business to Golden Gate Capital in early August after receiving court approval for the sale on Wednesday.

The U.S. Bankruptcy Court for the District of Delaware approved the sale on Wednesday, a move that the company says will put Eddie Bauer on the fast track to emerging from bankruptcy.

“The sale will enable Eddie Bauer to emerge quickly from bankruptcy as a new company positioned for success, with a well-capitalized...
To view the full article, register now.