Delaware court temporarily bars Destination XL from terminating FBB merger agreement
DXLG•A Delaware court on October 29, 2026, temporarily blocked Destination XL Group from terminating its merger agreement with FBB Holdings I. The agreement allows either party to terminate if the merger is incomplete by October 30, subject to its terms.
1. Court order
FBB filed suit on October 26, 2026, and the court ordered expedited proceedings. Destination XL Group is barred from terminating the merger agreement pending further determinations. Destination XL filed counterclaims on October 28, disputes FBB’s claims and intends to pursue its defense.
