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CANTON, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc, DXLG , the leading integrated - commerce specialty retailer of Big + Tall men's clothing and shoes, today confirmed that it has received a non-binding proposal from Fund 1 Investments, LLC to acquire all of the outstanding shares of the Company. The Board of Directors regularly reviews opportunities to create and enhance shareholder value and will carefully review and evaluate this proposal and other strategic alternatives together with its financial and legal advisors. Guggenheim Securities, LLC is acting as financial advisor and Greenberg Traurig, LLP is acting as legal advisor to the Company. About Destination XL Group, Inc. Destination XL Group, Inc. is the leading retailer of Men's Big + Tall apparel that provides the Big + Tall man the freedom to choose his own style. Subsidiaries of Destination XL Group, Inc. operate DXL Big + Tall retail and outlet stores and Casual Male XL retail and outlet stores throughout the United States, and an e-commerce website, DXL.COM, and mobile app, which offer a multi-channel solution similar to the DXL store experience with the most extensive selection of online products available anywhere for Big + Tall men. The Company is headquartered in Canton, Massachusetts, and its common stock is listed on the Nasdaq Global Market under the symbol "DXLG." For more information, please visit the Company's investor relations website: https://investor.dxl.com Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often accompanied by words that convey projected future events or outcomes such as "expect," "believe," "estimate," "plan," "project," "anticipate," "intend," "will," "may," "view," "opportunity," "potential," or words of similar meaning or other statements concerning opinions or judgment of the Company or its management about future events, and include statements regarding the Company's evaluation of the non-binding proposal. Such forward-looking statements are based on various assumptions as of the time they are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the Company believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance, or achievements of the Company will not differ materially from any projected future results, performance or achievements expressed or implied by such forward-looking statements. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, many of which are beyond the control of the Company. The Company encourages readers of forward-looking information concerning the Company to refer to its filings with the Securities and Exchange Commission, including without limitation, its Annual Report on Form 10-K filed on March 21, 2024, its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission that set forth certain risks and uncertainties that may have an impact on future results and the direction of the Company Investor Relations Contact: investor.relations@dxlg.com (603) 933-0541 Public Relations Contact: Mike Reilly / Matt Sherman Joele Frank, Wilkinson Brimmer Katcher DXLGmedia-jf@joelefrank.com (212) 355-4449 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Congress averted shutdown, but storms lie ahead as House speaker faces criticism
GREENSBORO, N.C. (AP) — A police officer responding to a report of a man with a gun inside a North Carolina supermarket was fatally shot Monday and a suspect was later taken into custody, authorities said. Police announced the death of Greensboro police officer Michael Horan at a news conference, saying Horan was responding to the report when he was shot shortly before midday at a Food Lion store in Greensboro in the central part of the state. Ramona Miller told WGHP-TV she was shopping with her 6-year-old granddaughter when she heard shots being fired. “We were on our way out and I was purchasing a lottery ticket and I was just sitting there and heard a ‘pop-pop’ and then ‘pop-pop-pop.’ I think I heard five shots,” Miller said. “At first I didn’t know it was a shooting ... but an employee yelled out, ‘Shooting! Shooting!’ ” Miller said she and her granddaughter left the store and that police arrived soon afterward. Authorities said Monday afternoon that the circumstances of the shooting remain under investigation and they did not immediately release further details about how it unfolded. The North Carolina State Bureau of Investigation, the state’s lead law enforcement agency, is continuing the investigation. Horan was hired in 2017 and became a sworn Greensboro Police Department officer in early 2018, Assistant Police Chief Milford J. Harris said. Horan served in the department’s patrol bureau. He also was a U.S. Coast Guard member since 2000, according to his LinkedIn profile. “He was an excellent officer. He had an outstanding reputation inside the department and in the community,” Harris said at the news conference. Gov. Roy Cooper said he was monitoring the day’s developments. Cooper said on the social media platform X that his office had sent a “significant” number of state law enforcement officers to aid the emergency response in Greensboro. A heavy police presence was spotted outside the grocery store in Greensboro. The store will remain closed while authorities continue their investigation, Food Lion said in a statement, adding it was providing resources to its affected workers. It directed all questions to local law enforcement and said it was cooperating with the investigation. The shooting was another reminder that state lawmakers should strengthen resources and improve safety for law enforcement officers, said Democratic state Sen. Michael Garrett, who represents part of Guilford County where Greensboro is located. “During what should be a time of joy and celebration, another brave officer has been shot in the line of duty. Another family’s holiday season forever changed,” Garrett said in a Facebook statement.Brock Bowers sets NFL rookie records as the Raiders roll to a 25-10 victory over the Saints
Steve Bannon held his microphone out to the crowd. “Should (Mike) Johnson be speaker of the House?” he asked. “Nooo,” came the reply, as Bannon, the longtime ally of Republican President-elect Donald Trump, spoke at a Dec. 19 “AmericaFest” rally of Turning Point USA, a right-wing advocacy organization. Bannon, who said at the event that Johnson “has got to go,” spoke in Phoenix as the U.S. House debated an end-of-session spending package. Congress ultimately passed a Johnson-endorsed, stopgap funding bill signed by Democratic President Joe Biden on Dec. 21 to avert a government shutdown ahead of the holidays. But Bannon’s remarks foretold likely challenges to Johnson. As the opening of the new Congress approaches on Friday, Johnson’s leadership is being questioned by, among others, Maryland Rep. Andy Harris, who heads the House Freedom Caucus, and Pennsylvania Rep. Scott Perry, who previously led the hard-line conservative group. Neither will commit to backing the Louisiana Republican. The speaker will help determine whether Trump can succeed on an agenda that includes policy shifts on taxes, voting and border policy. Underlying the GOP’s turmoil is how closely it should work with Democrats, if at all, particularly on spending issues. “The political class is infected with a malignant cancer. That cancer is bipartisanship, right?” Bannon told the crowd. Johnson, he said, “doesn’t have what we call the right stuff, right? That combination of guts and moxie and savvy and toughness.” Bannon, who previously served four months in prison for defying a congressional subpoena, is awaiting trial in a case alleging he was part of a scheme to dupe donors who contributed to help build a wall on the Mexican border. Other Republicans have also questioned Johnson’s leadership. Sen. Rand Paul, the Kentucky Republican, recently floated a proposal to elect billionaire Elon Musk, a Trump adviser and ally, as speaker. The speaker is not required to be an elected House member. The election will occur after the new Congress assumes office on Jan. 3. “Nothing would disrupt the swamp more than electing Elon Musk,” Paul posted on X. “Think about it ... nothing’s impossible. (not to mention the joy at seeing the collective establishment, aka ‘uniparty,’ lose their ever-lovin’ minds).” As Congress raced to avoid a shutdown before Christmas, Musk was instrumental in sinking an earlier spending proposal by House Republicans — Democrats also backed it — to head off a government shutdown. The package contained about $100 billion in disaster aid, including a federal commitment long sought by Maryland lawmakers to pay the full cost of replacing the Francis Scott Key Bridge following its March collapse. Musk, citing a pay increase for Congress among other objections, attacked the bill on X, his social media platform, calling it “dead.” Johnson, who has supported Trump, then pitched the alternative that was ultimately approved. He needed a deal acceptable not only to most Republicans but also to Democrats, whose votes were required because the GOP majority was so slim. The final package included the Key Bridge funding commitment but neither the pay raise nor a Trump proposal to suspend the debt ceiling — the amount the government can borrow. Republicans won a “trifecta” — control of the White House, House and Senate — in the November elections, and Trump has claimed a broad mandate for such proposals as mass deportation and reducing the civil service workforce. But his party has split among hard-line spending watchdogs and those more prone to work with Democrats on shared priorities. Among those repeatedly protesting spending levels are Florida Republican Rep. Byron Donalds and Harris, the only Republican in Maryland’s congressional delegation; his district includes Harford County, the Eastern Shore and a piece of Baltimore County. Harris chairs the Freedom Caucus, a group that has focused on fiscal conservatism since its inception. Donalds recently posted on X: “It’s time to clean house. It’s time to slash spending & cut debt.” Harris also expressed concerns during the recent negotiations, saying in a written statement that he believed the Key Bridge replacement should be funded, “but with a $2 trillion-dollar annual deficit left from the Biden administration, we should look to offset any cost with savings elsewhere.” Harris did not respond to correspondence seeking comment on Friday. The party was similarly divided in 2023 when its far-right voting bloc expressed dissatisfaction with former Speaker Kevin McCarthy of California, saying he had not forcefully resisted the Democratic agenda. Johnson, who replaced McCarthy, said at the time that he would emphasize bringing up individual spending bills instead of putting funding measures into a large package as executive branch spending authority is about to run out. But Congress needed such stopgap bills in September and again on Dec. 21 to fund the government in three-month increments. ©2024 Baltimore Sun. Visit baltimoresun.com . Distributed by Tribune Content Agency, LLC.‘Major loss for the team’ – Ireland duo criticise FAI decision to axe coach Colin Healy from senior squadJoe Biden is considering preemptive pardons for officials and allies before Donald Trump takes office
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