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Destination XL urges shareholders to reject Zodiac's $0.84 per share tender offer, citing undervaluation.

Market News
08 Jul 2026, 23:05 WIB
GlobeNewsWire
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Bearish
Destination XL urges shareholders to reject Zodiac's $0.84 per share tender offer, citing undervaluation.

Destination XL Group, Inc. (DXL) announced that its Board of Directors unanimously recommends shareholders reject Zodiac Partners II's revised unsolicited tender offer of $0.84 per share. The Board believes the offer undervalues the company and is opportunistic, especially given current market conditions. Shareholders who have already tendered shares can withdraw them before the offer expires on July 24, 2026. DXL remains committed to maximizing shareholder value and acting in the best interests of all stakeholders.

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