InsideArbitrage Potential Deal Alert: Fund 1 Proposes $3 per Share Acquisition of Destination XL (DXLG)

POTENTIAL DEAL DETAILS

Fund 1 Investments, which currently owns 10.6% of Destination XL (DXLG), has made a non-binding proposal to acquire all outstanding shares of Destination XL that it does not already own, offering $3.00 per share in cash.

Destination XL Group, Inc. Investor Relations

Update(s):

December 23, 2024: Destination XL (DXLG) confirmed that it has received a non-binding proposal from Fund 1 Investments to acquire all of the Company’s outstanding shares. The Board will review and evaluate this proposal. Guggenheim Securities is acting as financial advisor and Greenberg Traurig is acting as the legal advisor to the company.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.