Destination XL board advises stockholders against Zodiac's 'opportunistic' bid

The board of directors at Destination XL Group Inc., (DXL), a publicly traded retailer specializing in Big + Tall men’s apparel, has advised that stockholders reject the revised offer made by Zodiac Partners II, LLC (“Zodiac”) on June 23 to acquire all outstanding shares of DXL for 0.84 dollars per share in cash, and not tender their shares. According to a statement from the DXL board, stockholders who have already tendered their shares may withdraw them at any point prior to the expiration of the offer at 5pm ET on July 24.