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February 14, 2006
By: TOM BRANNA
Editor
Alberto-Culver Company, Melrose Park, IL, announced its plans to combine its Sally Beauty stores and Beauty Systems Group with Minneapolis-based Regis, which operates almost 11,000 beauty salons. Shareholders of Alberto-Culver will own a majority of the new company under the Regis name, as well as receive 0.6 Regis shares for each Alberto-Culver share. In addition to their new Regis shares, Alberto Culver shareholders will collect a one-time dividend of $3 a share. The dividend will be funded th...
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