Destination XL Group, Inc.·Consumer Cyclical

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.

CANTON, Mass., May 22, 2026 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (“DXL”) (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, today issued the following statement with respect to the unsolicited $0.82 per share in cash tender offer (the “Offer”) made by Zodiac Partners II, LLC ("Zodiac") on May 12, 2026: The DXL Board of Directors is carefully evaluating the Offer with its independent financial and legal advisors in furtherance of its fiduciary duties and in light of the Company's merger agreement with FBB Holdings I, Inc. (“FullBeauty”).

West Palm Beach FL, May 21, 2026 (GLOBE NEWSWIRE) -- Zodiac Partners II, LLC today provided an update to its previously announced all-cash tender offer to acquire all outstanding shares of Destination XL Group, Inc. (“DXLG” or “DXL”) for $0.82 per share. After positive dialogue with shareholders representing a meaningful amount of the shares outstanding, Zodiac will shortly file an amendment to its Schedule TO elaborating on all comments.

CANTON, Mass., May 14, 2026 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its first quarter of fiscal 2026 financial results before the market opens on Thursday, May 28, 2026.

Urges DXL Shareholders to Secure Significant and Immediate Cash Value by Tendering into Zodiac's Offer West Palm Beach FL, May 12, 2026 (GLOBE NEWSWIRE) -- Zodiac Partners II, LLC an acquisition entity of Camac Fund, today announced that it is commencing an all-cash tender offer to acquire all outstanding shares of Destination XL Group, Inc. (NASDAQ: DXLG) for $0.82 per share. This price implies an approximately 26% premium above DXL's closing share price of $0.6513 per share as of May 11th, 2026.

Destination XL Group (NASDAQ: DXLG) executives used the company's fourth quarter fiscal 2025 earnings call to discuss a year marked by declining comparable sales, margin pressure, and a more promotional environment, while pointing to improved sales trends early in fiscal 2026 and outlining strategic priorities centered on fit technology, private brands, and the digital experience. FullBeauty
Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and shoes in the United States and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing. It also provides tailored-related separates, blazers, dress slacks, dress shirts, and neckwear; and vintage-screen T-shirts and wovens under various private labels. The company offers its products under the trade names of Destination XL, DXL, DXL Men's Apparel, DXL outlets, Casual Male XL, and Casual Male XL outlets. As of January 29, 2022, it operated 220 DXL retail stores, 16 DXL outlet stores, 35 Casual Male XL retail stores, and 19 Casual Male XL outlet stores; an e-commerce site, dxl.com; a mobile site, m.destinationXL.com; and mobile app. The company was formerly known as Casual Male Retail Group, Inc. and changed its name to Destination XL Group, Inc. in February 2013. Destination XL Group, Inc. was incorporated in 1976 and is headquartered in Canton, Massachusetts.
Consumer Cyclical
Apparel - Retail
1,447
1987-06-02
1.23