Destination XL recommends shareholders reject the tender offer from Zodiac Partners
Seeking Alpha ·
Destination XL Group ( DXLG ) announced on Tuesday that after a review with external legal and financial advisors, the board unanimously recommends that shareholders reject the tender offer launched by Zodiac Partners II on May 12 at $0.82 per share.
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Destination XL Group (DXLG)'s board unanimously recommended shareholders reject Zodiac Partners' tender offer of $0.82 per share, following a review with external legal and financial advisors. This indicates the board believes the company's value surpasses the proposed offer.
상승 영향
- Specialty Retail — The board rejected the current offer, deeming it an undervaluation, suggesting potential for a higher acquisition bid or increased value through continued independent growth.
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DYAX Investor Sentiment
Bullish (Long) 46% · Bearish (Short) 54%
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