13:39 ET Shareholder Alert: The Ademi Firm investigates whether Destination XL Group Inc. is obtaining a Fair Price for its Public Shareholders
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The Ademi Firm is investigating Destination XL Group Inc. (DXL) for potential breaches of fiduciary duty in its transaction with FullBeauty Brands Inc. DXL shareholders will own 45% of the merged entity, while DXL insiders receive substantial benefits. The agreement limits competing bids with penalties, raising concerns about the DXL board's fulfillment of fiduciary duties. The investigation focuses on shareholder rights in mergers and buyouts.
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