DWR Appoints Investment Bank
Home & Textiles Today Staff -- Home Textiles Today, February 9, 2009
Struggling residential and contract home furnishings retailer Design Within Reach has retained investment bank Thomas Weisel Partners LLC to review strategic alternatives “including advice related to an unsolicited offer recently received by the company,” said DWR. “We have decided to evaluate alternatives that will best serve the interest of all of our shareholders given our depressed share price,” stated DWR ceo Ray Brunner.
DWR said it “has no commitments or agreements with respect to any particular transaction.”
Shares of DWR have traded up to $4.50 as recently as September — but have not been above $1 since late November.