Eddie Bauer postpones shareholder meeting
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Eddie Bauer Holdings Inc., an outdoor-clothing maker, postponed a meeting at which investors were to vote on a $285-million buyout offer after finding accounting errors from 2005 and earlier.
Shares of the company fell 6.2%. The errors relate to taxes stemming from leases, the Redmond, Wash.-based company said.
The shareholder meeting, originally scheduled for today, will be held Feb. 8. Investors will vote on the company’s sale to private-equity firms Sun Capital Partners Inc. and Golden Gate Capital for $9.25 a share, about one-third of the clothing maker’s stock price when it left bankruptcy in 2005.
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