Zodiac Partners II, LLC Announces Final Results of its Tender Offer
Zodiac Partners II's all-cash tender offer for Destination XL Group expired on August 21, 2026, with approximately 23% of shares tendered. Despite growing daily shareholder response, Zodiac allowed the offer to expire, citing onerous terms of the FBB Merger Agreement as preventing actions in shareholders' best interest. Zodiac remains confident it can negotiate a definitive agreement within 45 days if granted appropriate access.