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AcquisitionMay 12, 2026Terminated
🇺🇸 United States

Destination XL Group, Inc.Zodiac Partners II, LLC

Consumer & Retail › Retail

Deal valueUndisclosed
View SEC filing Save
AnnouncedMay 12, 2026
ConsiderationCash
StructureTender offer
RegionNorth America
Cross-borderUnknown
Contingent paymentNo

Overview

Zodiac Partners II, LLC made an unsolicited tender offer to acquire all shares of Destination XL Group for $0.82 per share in cash.

Deal rationale

The document presents the board's view that the offer undervalues the company, is highly conditional and opportunistic, and timed to exploit market dislocation.

AI-generated from the SEC filing
TerminatedConsumer & Retail › RetailUnited StatesNorth America

Timeline

  1. AnnouncedMay 12, 2026

    Imported from prototype record 282, unverified

    Filing
  2. TerminatedAug 21, 2026

    The hostile tender offer expired with about 23% of shares tendered.

    Filing

Valuation and terms

Equity valueUndisclosed
Enterprise valueUndisclosed
ConsiderationCash

Advisors

Buy-side
None listed
Sell-side
GSGuggenheim Securities

Parties

Target
Destination XL Group, Inc.
Headquarters
United States
Ticker
DXLG
Acquirer
Zodiac Partners II, LLC
Headquarters
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Ticker
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