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Delaware Court enjoins DXL from terminating $1.5B merger with FBB Holdings pending expedited review
DXLGDestination XL Group, Inc.
On October 29, 2026, the Delaware Court of Chancery granted motions for a temporary restraining order and to expedite proceedings in litigation brought by FBB Holdings I, Inc. against Destination XL Group, Inc. The court enjoined DXL from exercising its right to terminate the merger agreement, which was set to expire on October 30, 2026, pending further expedited determinations. This ruling prevents DXL from ending the deal despite the approaching deadline. DXL intends to vigorously defend against FBB's claims and pursue counterclaims. Destination XL Group operates as a specialty retailer of plus-size apparel.