July 25, 2014 (Shareholders Foundation) - 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.

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.