Eddie Bauer Holdings (fka EBHIQ)

[Trops]

Buyout not just a rumor.Moving up afterhours Ebhi .75x.80~Eddie Bauer CEO: No comment on possible salePuget Sound Business Journal (Seattle) - by Greg Lamm
Eddie Bauer Holdings Inc. CEO Neil Fiske has declined to comment on reports that the Bellevue-based outdoors clothing chain might be sold.

Citing unnamed sources, Bloomberg News said that the Bellevue-based retailer was in talks with potential buyers, including Gordon Brothers Group and Hilco Consumer Capital LLC.

Fiske noted that Eddie Bauer’s “best path for long-term growth” was getting the holders of $75 million of Eddie Bauer’s debt to convert those notes into shares of the company.

Eddie Bauer (NASDAQ: EBHI) had reported having $268 million in outstanding debt, including $193 million in term loan and $75 million in convertible notes.

Bloomberg reported that in the past year, Toronto-based Hilco Consumer Capital and Boston’s Gordon Brothers bought Sharper Image Corp., Linens ‘n Things Inc. and Bombay Co.