Eddie Bauer Announces Restructuring with Pizza Hut Merger Plan (EDB, PZZA)

Eddie Bauer Inc. (EDB) announced a strategic restructuring, including a proposed merger with Pizza Hut Restaurants LLC (PZZA), expected to be finalized by May 2026. The transaction is valued at approximately $2.3 billion, with EDB stockholders retaining about 40% of the combined entity's voting power. The restructuring aims to strengthen the company's presence in the restaurant sector by leveraging Pizza Hut's global franchise network and supply chain efficiencies. Terms of the agreement were not fully disclosed, but the deal is subject to regulatory approvals and a final vote by EDB shareholders.