Company News

Regis Merger Collapses

Regis ended its merger pact with Alberto-Culver.

After Alberto-Culver said it could no longer recommend the previously announced transaction to merge its Sally Beauty and BSG operations with Regis, the pact was broken. Alberto cited Regis’ two consecutive earnings short-fall announcements since the execution of the merger agreement, significant revisions to Regis’ financial forecasts, uncertainty about Regis’ fiscal 2007 outlook, and certain differences over operating and governance approaches and also due to a failed agreement regarding the new share exchange ratio.

Alberto-Culver would be required to pay Regis a termination fee upon the termination of the deal as inunciated in the merger agreement.

Add us as a preferred source on Google

Get the latest Happi news, insights and analysis in your Google Search and AI experiences.

Keep Up With Our Content. Subscribe To Happi Newsletters