Destination XL board rejects go-private offer — again

Short summary

Destination XL's board has rejected an updated go-private offer from Zodiac Partners for a second time, recommending shareholders decline. The board characterized the offer as an opportunistic move exploiting DXL's current market pressures. This continues the ongoing standoff between the retailer and the investment firm.

• •Destination XL board rejects updated go-private offer from Zodiac Partners
• •Board calls the offer opportunistic given DXL's market pressures
• •Shareholders recommended to reject the proposal

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