Struggling DWR appoints investment bank
February 3, 2009,
San Francisco – Residential and contract home furnishings retailer Design Within Reach has retained investment bank Thomas Weisel Partners LLC (TWP) to review strategic alternatives, “including advice related to an unsolicited offer recently received by the company,” said DWR.
“The company currently has no commitments or agreements with respect to any particular transaction,” DWR noted.
Shares of the company have traded as high as $4.50 as recently as September – but have not been above $1 since late November.