Eddie Bauer Shareholders Nix Buyout

Eddie Bauer Holdings Inc. (Nasdaq: EBHI) shareholders have rejected a $9.25 per share buyout offer from Sun Capital Partners and Golden Gate Capital. The total deal would have been valued at approximately $614 million, including around $328 million of debt to be repaid. Only 44% of the company's outstanding shares were voted in favor of the deal, falling short of the required threshold. Thirty-seven percent voted in opposition. www.eddiebauer.com