Designer brands inc. increases price range and satisfies the financing contingency for tender offer to repurchase up to $100 million of its class a common shares

Columbus, ohio, june 23, 2023 /prnewswire/ -- designer brands inc. (nyse: dbi) (the "company" and "designer brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, announced today that it is amending its previously announced modified "dutch auction" tender offer (the "offer") to purchase for cash up to $100 million in value of its class a common shares (the "shares"). the offer originally was set at a price per share not greater than $8.00 nor less than $7.00, less any applicable withholding taxes and without interest.
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