Market / Alpha Vantage News Sentiment

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

Destination XL Group, Inc. (DXL) has 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 views the offer as an undervaluation of the company and opportunistic given current market conditions. Shareholders who have already tendered shares are advised to withdraw them before the offer expires on July 24, 2026.