BRIEF-Zodiac Partners II, Llc Launches A $46 Million Tender Offer To Acquire Destination Xl Group, Inc. For $0.82 Per Share In Cash

Destination XL Group, Inc.

Destination XL Group, Inc.

DXLG

0.00

May 12 (Reuters) - Destination XL Group Inc DXLG.O:

  • ZODIAC PARTNERS II, LLC LAUNCHES A $46 MILLION TENDER OFFER TO ACQUIRE DESTINATION XL GROUP, INC. FOR $0.82 PER SHARE IN CASH

  • ZODIAC PARTNERS II: BELIEVE DXL'S PROPOSED ALL-STOCK FULL BEAUTY BRANDS DEAL WOULD ADD HARMFUL COMPLEXITY, NEW MANAGEMENT TEAM LARGE DEBT BURDEN

  • ZODIAC PARTNERS II: SECURED CONDITIONAL FINANCING COMMITMENT FROM ECLIPSE BUSINESS CAPITAL FOR DEAL TO ACQUIRE DESTINATION XL

  • ZODIAC PARTNERS II : POTENTIALLY NOMINATING DIRECTORS FOR ELECTION AT DXL'S ANNUAL MEETING

Source text: ID:nGNX9lshlk

Further company coverage: DXLG.O


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