Destination XL Board Deems Merger With FullBeauty As No Longer Advisable And Not In The Best Interests Of The Company And Its Stockholders
In connection with the merger with FBB Holdings I, Inc., a Delaware corporation ("FullBeauty"), we filed an Amendment No. 1 to Preliminary Proxy Statement (as amended, the "Preliminary Proxy Statement")
Destination XL decided to stop its plan to merge with FullBeauty because the leaders think it's not good for the company or its owners anymore. When a company backs out of a deal, it means something changed that made them worry the deal wouldn't work out well.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.