Destination XL Group, Inc. Files Preliminary Proxy Statement With Respect to FullBeauty Merger
Destination XL Group filed a preliminary proxy statement urging stockholders to vote against the proposed merger with FullBeauty Brands. The Board determined the transaction is no longer advisable, citing concerns over FullBeauty’s indebtedness, potential negative equity, and the substantial economic dilution DXL stockholders would face.
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