NEW YORK (Reuters) – Eddie Bauer Holdings Inc (EBHI.O) is expected to file for Chapter 11 bankruptcy protection on Wednesday and announce a deal to be bought by CCMP Capital Advisors, according to The Wall Street Journal, which cited a person familiar with the situation.
Another buyer can still top the CCMP deal in a Delaware bankruptcy court, where the Eddie Bauer case is expected to be filed, the paper said.
Representatives from Eddie Bauer and CCMP, a private equity firm, were not immediately available to comment.
Eddie Bauer shares were down 8 cents, or 34.8 percent, at 15 cents on Nasdaq. (Reporting by Martinne Geller and Aarthi Sivaraman; Editing by Lisa Von Ahn)