Business
Destination XL Group, Inc. Recommends DXL Shareholders Reject Zodiac Partners II’s Tender Offer And NOT Tender Their Shares
Reschedules Earnings Call for June 3, 2026CANTON, Mass., May 26, 2026 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (“DXL”) (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men’s clothing and shoes, today announced that its Board of Directors, following a review with external legal and financial advisors, unanimously recommends that shareholders reject the tender offer (the “Offer”) launched by Zodiac Partners II, LLC (“Zodiac”) on May 12, 2026 for $0.82 per share and not
About this update from Destination Xl Group, Inc.
[{"type":"image","alt":"Destination XL Group, Inc.","displaySize":"","headline":null,"caption":"Destination XL Group, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":168,"url":"https://media.zenfs.com/en/globenewswire.com/61bb20ea18fb6eefe60c39103bc9068c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nL1uPwvxoNv1CEmoaTIRnA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzNQ--/https://media.zenfs.com/en/globenewswire.com/61bb20ea18fb6eefe60c39103bc9068c","width":300,"height":168},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/nL1uPwvxoNv1CEmoaTIRnA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzNQ--/https://media.zenfs.com/en/globenewswire.com/61bb20ea18fb6eefe60c39103bc9068c","width":300,"height":168}},"lazy":false},{"type":"text","content":"Reschedules Earnings Call for June 3, 2026","length":42,"tagName":"p"},{"type":"text","content":"CANTON, Mass., May 26, 2026 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (“DXL”) (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men’s clothing and shoes, today announced that its Board of Directors, following a review with external legal and financial advisors, unanimously recommends that shareholders reject the tender offer (the “Offer”) launched by Zodiac Partners II, LLC (“Zodiac”) on May 12, 2026 for $0.82 per share and not tender any shares.","length":476,"tagName":"p"},{"type":"text","content":"“The DXL Board of Directors is committed to maximizing shareholder value and taking actions that are in the best interest of the Company and its shareholders,” said Lionel Conacher, Chairman of the Board of DXL. “In that light, the Board conducted a thorough review of Zodiac's tender offer and determined that it does not reflect the Company’s underlying value. The Offer is also highly conditional and opportunistic, seemingly timed to deliberately exploit a period of market dislocation. We therefore recommend shareholders reject the Offer and not tender their shares.”","length":577,"tagName":"p"},{"type":"text","content":"The DXL Board issued its formal recommendation with respect to Zodiac’s Offer in a Solicitation/Recommendation Statement on Schedule 14D-9 filed today with the U.S. Securities and Exchange Commission (“SEC”).","length":208,"tagName":"p"},{"type":"text","content":"Rescheduling Earnings for June 3rd","length":34,"tagName":"p"},{"type":"text","cont...