Destination XL Group Acquired by Zodiac Partners II | Consumer M&A Deal

Zodiac Partners II has made an unsolicited tender offer for Destination XL Group, a retail business in Massachusetts, for $0.82 per share. Destination XL Group operates Big + Tall men’s clothing and shoes retail and outlet stores, plus DXL.com e-commerce and a mobile app, serving customers across the U.S. The Canton, Massachusetts-based consumer retailer is evaluating the other acquisition proposal as part of its fiduciary duties and merger agreement considerations. The consumer M&A offer is categorized as other acquisition and involves a private equity acquisition by Zodiac Partners II, with no shareholder action required at this time. Destination XL Group plans to file a Schedule 14D-9 solicitation/recommendation statement with the SEC within 10 business days of the tender offer commencement.