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RGS - Regis Corp.

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Regis, the hair salon company, is a recent activist target of Starboard Value (formerly part of Ramius). Starboard has a pretty good track record and there is clearly value to be unlocked through cost cutting and divesting the non core assets. But I am a bit skeptical they will be able to pull it off- they only own 4.4% and management looks like they will put up a fight. Anyone else following this one?

Rest of thoughts here:


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