Delaware court enjoins DXL from terminating FBB merger pact; outside date Oct. 30, 2026

DESTINATION XL GROUP, INC.

Court of Chancery granted FBB's motions for a temporary restraining order and to expedite at an Oct. 29, 2026 hearing in FBB Holdings I, Inc. v. Destination XL Group, C.A. No. 2026-1411-KHL.
Injunction bars DXL from exercising its right to terminate the Dec. 11, 2025 merger agreement pending further expedited rulings; the TRO is temporary and not a merits determination.
Section 8.01(e) of the merger agreement allows either DXL or FBB to terminate if the merger is not consummated by Oct. 30, 2026.
FBB filed its complaint Oct. 26, 2026 seeking declaratory and injunctive relief; DXL answered and asserted counterclaims Oct. 28, saying FBB's claims are without merit.

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