{"id":979854,"date":"2026-07-08T16:11:00","date_gmt":"2026-07-08T20:11:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\/"},"modified":"2026-07-08T16:11:00","modified_gmt":"2026-07-08T20:11:00","slug":"destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\/","title":{"rendered":"Destination XL Group, Inc. Recommends DXL Stockholders Reject Zodiac Partners II&#8217;s Revised, Unsolicited Tender Offer and NOT Tender Their Shares"},"content":{"rendered":"<div class=\"mw_release\">\n<p>CANTON, Mass., July  08, 2026  (GLOBE NEWSWIRE) &#8212; Destination XL Group, Inc. (\u201cDXL\u201d) (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men\u2019s clothing and shoes, today announced that its Board of Directors, following a review with external legal and financial advisors, unanimously recommends that stockholders reject the revised, unsolicited tender offer to acquire all outstanding shares of DXL for $0.84 per share in cash (the \u201cRevised Offer\u201d) announced by Zodiac Partners II, LLC (\u201cZodiac\u201d) on June 23, 2026, and not tender their shares.<\/p>\n<p>\u201cThe DXL Board of Directors remains committed to maximizing stockholder value and acting in the best interests of all DXL stakeholders,\u201d said Lionel Conacher, Chairman of the Board of DXL. \u201cAfter careful review of Zodiac\u2019s revised proposal, the Board unanimously concluded that the modest increase in consideration still undervalues DXL and is not in the best interests of our stockholders. The Board reiterated its belief that Zodiac\u2019s repeated offers are highly conditional, opportunistic and seemingly timed to deliberately exploit a period of market dislocation. We therefore recommend that stockholders reject the Revised Offer and do not tender their shares.\u201d<\/p>\n<p>DXL stockholders who have already tendered their shares may withdraw them at any point prior to the expiration of the offer at 5:00 PM ET on July 24, 2026.<\/p>\n<p>The DXL Board issued its formal recommendation with respect to Zodiac\u2019s Offer in a Solicitation\/Recommendation Statement on Schedule 14D-9 filed today with the U.S. Securities and Exchange Commission (\u201cSEC\u201d).<\/p>\n<p>\n        <strong>Advisors<\/strong><br \/>\n        <br \/>Guggenheim Securities, LLC\u00a0is acting as financial advisor to DXL,\u00a0Greenberg Traurig, LLP\u00a0is acting as its legal advisor and\u00a0Joele Frank,\u00a0Wilkinson Brimmer Katcher\u00a0is serving as its strategic communications advisor.<\/p>\n<p>\n        <strong>About\u00a0Destination XL Group, Inc.<\/strong><br \/>\n        <br \/>Destination XL Group, Inc.\u00a0is the leading retailer of Men\u2019s Big + Tall apparel that provides the Big + Tall man the freedom to choose his own style. Subsidiaries of\u00a0Destination XL Group, Inc.\u00a0operate DXL Big + Tall retail and outlet stores and Casual Male XL retail and outlet stores throughout\u00a0the United States, and an e-commerce website,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NGK2dyGWU1s41-dzym4wFYZoqmFJ5yfgjJWz5mUZTwzCTDrKwfHgi-LwToXvgVYiX0hs8IU6JiYF46p1q61c8g==\" rel=\"nofollow\" target=\"_blank\">DXL.COM<\/a>, and mobile app, which offer a multi-channel solution similar to the DXL store experience with the most extensive selection of online products available anywhere for Big + Tall men. The Company is headquartered in\u00a0Canton, Massachusetts, and its common stock is listed on the Nasdaq Global Market under the symbol \u201cDXLG.\u201d For more information, please visit the Company&#8217;s investor relations website:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VAk1MlUgWrT8VV8IAV_u6X-KHmKJdSh_uMmHQYSZmO6uZhVDk9rfUrdmkezIokuoZk8nfAPwJmMbHw22lZUQFJZRPG46zMPKgus0kggnb-g=\" rel=\"nofollow\" target=\"_blank\">https:\/\/investor.dxl.com<\/a>.<\/p>\n<p>\n        <strong>Investor Contact:<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UcMVs062wjmzXkjyuWvoxdUIXuzUA_TyRz78aTAjQTDFZpWaULhX1cnfRgZ5XN-opO2Ui9kCyn-lLx9MpjGtj_1_obsxnNAXMuK95kDlSNeylLuF1dAo-cG-Gtv8pEMs\" rel=\"nofollow\" target=\"_blank\">Investor.relations@dxlg.com<\/a><br \/>\n        <br \/>603-933-0541<\/p>\n<p>\n        <strong>Important Information about the Zodiac Tender Offer and Where to Find It<\/strong><br \/>\n        <br \/>DXL intends to file a solicitation\/recommendation statement on Schedule 14D-9 with respect to the tender offer with the Securities and Exchange Commission (the \u201cSEC\u201d) within 10 business days of the commencement of the Zodiac tender offer. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE\u00a0SEC, INCLUDING THE SOLICITATION\/RECOMMENDATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TENDER OFFER. Investors and security holders may obtain free copies of the solicitation\/recommendation statement (when available) as well as other filings by DXL, without charge, at the SEC\u2019s website,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dumQ5uNARAxYs9ksANHz3g-PeIXj2_aNqeY6HmRAUI-D0zrEJO2hQ99w1AYglanxVOIyARvxvVsi8XmfeZW6Xg==\" rel=\"nofollow\" target=\"_blank\">http:\/\/www.sec.gov<\/a>, or by accessing DXL\u2019s website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=k2oXdS1C1KLIWKN2-La4f-7LRtVj3Cu7DmiDI5ZXU38onp0wn2iSgYqJmx_6JohOk7U7qannlLHFSt9Br9fF9Veb-NsvBenvQdaI4j8JNsY=\" rel=\"nofollow\" target=\"_blank\">investor.dxl.com<\/a>. In addition, documents filed with the\u00a0SEC\u00a0by DXL will be available free of charge by writing to DXL at\u00a0555 Turnpike Street,\u00a0Canton, Massachusetts\u00a002021, Attention: Corporate Secretary.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>In addition to historical information, this document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, including statements regarding the DXL Board of Director\u2019s commitment to maximizing shareholder value and taking actions that are in the best interest of the Company and its shareholders, are based on current expectations, estimates and beliefs of DXL management. Words such as \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cseeks\u201d and variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. With respect to any such forward-looking statements, DXL claims the protection provided for in the Private Securities Litigation Reform Act of 1995. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. These forward-looking statements could be affected by factors including, without limitation, the risks and factors detailed in reports filed with the\u00a0SEC\u00a0by DXL from time to time, including those discussed under the heading \u201cRisk Factors\u201d in DXL\u2019s most recently filed Annual Report on Form 10-K. These documents are available through our website or through the SEC\u2019s Electronic Data Gathering and Analysis Retrieval (EDGAR) system at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dumQ5uNARAxYs9ksANHz3tR1iJAKYbJ1fud1PesU5Vm05XrnRJwf2axU0WXuUZBFBrDvy46U0nOcbnuuyrrFbA==\" rel=\"nofollow\" target=\"_blank\">http:\/\/www.sec.gov<\/a>. DXL does not undertake any duty to update any forward-looking statements contained herein, whether as a result of new information or developments, future events or otherwise, except as required by law.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc1OTIwMiM3Njk3NDUyIzIwMDczMjk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MjU3M2JlNDgtYjNmZC00MDNhLThiM2YtODEzZjVjOTc5Yzg5LTEwMTg5MDItMjAyNi0wNy0wOC1lbg==\/tiny\/Destination-XL-Group-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CANTON, Mass., July 08, 2026 (GLOBE NEWSWIRE) &#8212; Destination XL Group, Inc. (\u201cDXL\u201d) (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men\u2019s clothing and shoes, today announced that its Board of Directors, following a review with external legal and financial advisors, unanimously recommends that stockholders reject the revised, unsolicited tender offer to acquire all outstanding shares of DXL for $0.84 per share in cash (the \u201cRevised Offer\u201d) announced by Zodiac Partners II, LLC (\u201cZodiac\u201d) on June 23, 2026, and not tender their shares. \u201cThe DXL Board of Directors remains committed to maximizing stockholder value and acting in the best interests of all DXL stakeholders,\u201d said Lionel Conacher, Chairman of the Board of DXL. \u201cAfter careful review of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Destination XL Group, Inc. Recommends DXL Stockholders Reject Zodiac Partners II&#8217;s Revised, Unsolicited Tender Offer and NOT Tender Their Shares&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-979854","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Destination XL Group, Inc. Recommends DXL Stockholders Reject Zodiac Partners II&#039;s Revised, Unsolicited Tender Offer and NOT Tender Their Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Destination XL Group, Inc. Recommends DXL Stockholders Reject Zodiac Partners II&#039;s Revised, Unsolicited Tender Offer and NOT Tender Their Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CANTON, Mass., July 08, 2026 (GLOBE NEWSWIRE) &#8212; Destination XL Group, Inc. (\u201cDXL\u201d) (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men\u2019s clothing and shoes, today announced that its Board of Directors, following a review with external legal and financial advisors, unanimously recommends that stockholders reject the revised, unsolicited tender offer to acquire all outstanding shares of DXL for $0.84 per share in cash (the \u201cRevised Offer\u201d) announced by Zodiac Partners II, LLC (\u201cZodiac\u201d) on June 23, 2026, and not tender their shares. \u201cThe DXL Board of Directors remains committed to maximizing stockholder value and acting in the best interests of all DXL stakeholders,\u201d said Lionel Conacher, Chairman of the Board of DXL. \u201cAfter careful review of &hellip; Continue reading &quot;Destination XL Group, Inc. Recommends DXL Stockholders Reject Zodiac Partners II&#8217;s Revised, Unsolicited Tender Offer and NOT Tender Their Shares&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-08T20:11:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc1OTIwMiM3Njk3NDUyIzIwMDczMjk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Destination XL Group, Inc. 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Recommends DXL Stockholders Reject Zodiac Partners II's Revised, Unsolicited Tender Offer and NOT Tender Their Shares - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\/","og_locale":"en_US","og_type":"article","og_title":"Destination XL Group, Inc. Recommends DXL Stockholders Reject Zodiac Partners II's Revised, Unsolicited Tender Offer and NOT Tender Their Shares - Market Newsdesk","og_description":"CANTON, Mass., July 08, 2026 (GLOBE NEWSWIRE) &#8212; Destination XL Group, Inc. (\u201cDXL\u201d) (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men\u2019s clothing and shoes, today announced that its Board of Directors, following a review with external legal and financial advisors, unanimously recommends that stockholders reject the revised, unsolicited tender offer to acquire all outstanding shares of DXL for $0.84 per share in cash (the \u201cRevised Offer\u201d) announced by Zodiac Partners II, LLC (\u201cZodiac\u201d) on June 23, 2026, and not tender their shares. \u201cThe DXL Board of Directors remains committed to maximizing stockholder value and acting in the best interests of all DXL stakeholders,\u201d said Lionel Conacher, Chairman of the Board of DXL. \u201cAfter careful review of &hellip; Continue reading \"Destination XL Group, Inc. Recommends DXL Stockholders Reject Zodiac Partners II&#8217;s Revised, Unsolicited Tender Offer and NOT Tender Their Shares\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\/","og_site_name":"Market Newsdesk","article_published_time":"2026-07-08T20:11:00+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc1OTIwMiM3Njk3NDUyIzIwMDczMjk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/destination-xl-group-inc-recommends-dxl-stockholders-reject-zodiac-partners-iis-revised-unsolicited-tender-offer-and-not-tender-their-shares\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Destination XL Group, Inc. 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