Eddie Baur EBHI Stock Halted - 6/17/09

Shares of Eddie Bauer Holdings, Inc. (EBHI) have been halted on the following news today. Shares of the company declined 29% before the halt occurred. Discuss Stocks - http://stockstobuy.org

Eddie Bauer Files for Chapter 11 Bankruptcy Protection; Enters Into Bid Agreement With Private Equity Firm That Plans To Continue Operations

- Partner CCMP Capital Plans to Maintain Business as a Going Concern

- All Stores Open and Serving Customers

- Secures DIP Financing Commitment of $100 Million To Support Ongoing Business Needs

June 17, 2009 -Eddie Bauer Holdings, Inc. (Nasdaq: EBHI ) today announced that it has voluntarily initiated proceedings under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in Delaware and under the Companies' Creditors Arrangement Act (CCAA) in Canada in the Ontario Superior Court of Justice (Commercial List), and is pursuing a sale process under Section 363 of the Bankruptcy Code and under the CCAA.

The Company has entered into an asset purchase agreement with an affiliate of CCMP Capital Advisors, LLC ("CCMP Capital") to buy the Company's assets through a bankruptcy process, subject to an auction and Bankruptcy Court approval, for $202 million in cash, with working capital and similar adjustments. CCMP Capital, a global private equity firm with significant experience in the retail and consumer sectors, intends to operate the business as a going concern with little or no long-term debt. CCMP Capital has agreed to:

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