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Zodiac Partners reaffirms $46M cash offer to acquire Destination XL at $0.82/share, offering 26% premium.

Company Fundamentals
12 Jun 2026
GlobeNewsWire
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Bullish
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Zodiac Partners II, LLC has reaffirmed its $46 million all-cash tender offer to acquire all outstanding shares of Destination XL Group, Inc. (DXLG) at $0.82 per share, representing a 26% premium over the unaffected stock price. This move follows DXLG's reconsideration of its proposed merger with FBB Holdings, which Zodiac argues is not in shareholders' best interest. Zodiac highlights the risks DXLG faces if it terminates the merger, including financial penalties and leadership gaps. The offer expires on June 22, 2026, and Zodiac remains ready to finalize a deal pending access to necessary company information.

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