In February 2007, shareholders of Eddie Bauer, the specialty apparel retailer, were scheduled to vote on the planned sale of the company to two private equity firms of management.
More than 50% of outstanding shares in Eddie Bauer needed to be voted in favor of the deal for it to be finalized. Investors desired to determine whether to vote for or against the planned sale, which was completely supported by the board of Eddie Bauer.
PUBLICATION DATE: August 24, 2009 PRODUCT #: 110009-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING