GlobeNewswire·Jul 8, 2026, 4:05 PM ET

Destination XL Group, Inc. Recommends DXL Stockholders Reject Zodiac Partners II's Revised, Unsolicited Tender Offer and NOT Tender Their Shares

Destination XL Group, Inc. (DXL) announced that its Board of Directors unanimously recommends rejecting the revised unsolicited tender offer from Zodiac Partners II, LLC.
The Revised Offer proposes acquiring all outstanding DXL shares for $0.84 per share in cash.
DXL Chairman Lionel Conacher stated that the Board believes the offer undervalues the company & acts opportunistically to exploit current market dislocation.
Stockholders who have already tendered their shares may withdraw them prior to the offer's expiration at 5:00 PM ET on July 24, 2026.
The Board issued its formal recommendation via a Schedule 14D-9 Solicitation/Recommendation Statement filed with the U.S. Securities & Exchange Commission (SEC).
Guggenheim Securities, LLC served as the financial advisor, Greenberg Traurig, LLP as the legal advisor, & Joele Frank, Wilkinson Brimmer Katcher as the strategic communications advisor.
DXL operates as a leading retailer of Big + Tall men's clothing with retail stores, outlets, an e-commerce site (DXL.COM), & a mobile app.