Regis Moving On Private Equity Rumors (RGS)

Regis Corporation RGS is up more than 2% today as the company has been rumored to be an acquisition target for a private equity firm. Patty Edwards on CNBC just said "where there's smoke, there's fire," so Edwards believes there is some truth to this rumor. At last check, shares of RGS were up 40 cents to $18.54, a gain ofnearly 3%. Regis Corporation owns, operates, and franchises hairstyling and hair care salons around the world.