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Design Within Reach, Inc. Amends Stockholder Rights Plan.

Publication: Business Wire
Publication Date: 13-FEB-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Company Takes Action in Connection with Ongoing Strategic Alternatives Process

SAN FRANCISCO -- Design Within Reach, Inc. (NASDAQ:DWRI) today announced that it has amended its stockholder rights plan to provide stockholders and interested parties with greater flexibility to confer with one another and make joint proposals to acquire the Company without triggering the rights.

The stockholder rights plan is designed to reduce the likelihood that a potential acquirer would gain control of the Company by open market accumulation or other coercive takeover tactics without paying a premium for the Company's shares. Subject to limited exceptions permitting specified stockholders to hold up to 17.5% of the Company's outstanding shares, if any person or group acquires 15% or more of the outstanding shares of the common stock, there will be a triggering event under the rights plan causing substantial...

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