Destination XL Asks Shareholders to Vote Against Merger with FullBeauty Brands
Destination XL Group is urging its shareholders to reject a previously agreed merger with FullBeauty Brands due to the challenging consumer environment and concerns over economic dilution. The company cited financial risks related to FullBeauty's debt levels, leading it to conclude that the deal 'is no longer advisable.' This decision comes amid ongoing acquisition discussions involving another offer from Zodiac Partners II.
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