Regis Corporation RGS today announced that it has entered into an agreement with members of the Provost family to sell Regis' minority ownership interest in Provalliance, the largest hair salon company in Europe. Under the terms of the agreement, Regis will receive EUR 80 million in cash. The transaction is expected to close prior to September 30, 2012 and is subject to the Provost family securing financing for the purchase price.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsAsset Sales
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in