Article: Eddie Bauer Receives Court Approval of Golden Gate Capital Offer.

-Sale on Track to Close in Early August -

SEATTLE, July 22 /PRNewswire-FirstCall/ -- Eddie Bauer Holdings, Inc. (Pink Sheets: EBHIQ) announced today that it has received Bankruptcy Court approval to proceed with the sale of its business to Golden Gate Capital for $286 million in cash. With the Court's approval, the transaction is on track to close in early August.

Golden Gate is a premier private equity firm with approximately $9 billion of assets under management and deep expertise in multi-channel specialty retail. The sale will enable Eddie Bauer to emerge quickly from bankruptcy as a new company positioned for success, with a well-capitalized ...

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