Shareholders Foundation, Inc.

Design Within Reach, Inc. (OTCMKTS:DWRI) Investor Alert: Investigation of Takeover by Herman Miller

An investigation on behalf of investors of Design Within Reach, Inc. (OTCMKTS:DWRI) in connection with the proposed takeover was announced and OTCMKTS:DWRI stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (ReleaseWire) -- 07/29/2014 -- An investigation on behalf of investors, who currently hold shares of Design Within Reach, Inc. (OTCMKTS:DWRI), was announced concerning whether the takeover of Design Within Reach, Inc. by Herman Miller for $23 per share is unfair to OTCMKTS:DWRI stockholders.

Investors who purchased shares of Design Within Reach, Inc. (OTCMKTS:DWRI) and currently hold any of those OTCMKTS:DWRI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Design Within Reach, Inc. breached their fiduciary duties owed to OTCMKTS:DWRI investors in connection with the proposed acquisition.

On July 17, 2014 Herman Miller announced that it has entered into an agreement to acquire Design Within Reach, Inc. in a merger valued at approximately $154 million.

Under the terms of the transaction, Design Within Reach, Inc. shareholders will be entitled to receive approximately $23 per share on a fully-diluted basis as a result of the acquisition.

However, the investigation concerns whether the offer is unfair to OTCMKTS:DWRI stockholders. More specifically, the investigation concerns whether the Design Within Reach Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On July 25, 2014, OTCMKTS:DWRI shares closed at $22.75 per share.

Those who are current investors in Design Within Reach, Inc. (OTCMKTS:DWRI) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com