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Jennifer Braun Published December 24, 2024 Download
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Destination XL receives acquisition proposal from Fund 1 Investments

By

Jennifer Braun Published
December 24, 2024

Destination XL Group announced on Monday that it has received a non-binding acquisition proposal from Fund 1 Investments. 

The proposal outlines an offer to acquire all outstanding shares of the company, at the price of $3 a share. 

In a statement, Destination XL confirmed that its board of directors is conducting a thorough evaluation of the proposal in collaboration with its financial and legal advisors.