|[July 22, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Design Within Reach, Inc. In Connection With The Proposed Sale Of The Company To Herman Miller, Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Design Within Reach, Inc. ("DWR" or the "Company") (Other
OTC: DWRI) relating to the proposed buyout of the Company by Herman
Miller, Inc. ("Herman Miller (News - Alert)").
On July 17, 2014 Herman Miller announced that it has entered into an
agreement to acquire DWR in a merger valued at approximately $154
Under the terms of the transaction, DWR shareholders will be entitled to
receive approximately $23 per share on a fully-diluted basis as a result
of the acquisition. The firm's investigation seeks to determine, among
other things, whether the Company's Board of Directors breached their
fiduciary duties by failing to maximize shareholder value before
agreeing to enter into the transaction, and whether Herman Miller is
underpaying for DWR shares.
If you currently own common stock of DWR and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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