Crescendo Partners Comments on Recent Announcement That Regis Board Will Evaluate Strategic Alternatives to Enhance Shareholder Value
NEW YORK, Aug. 5 /PRNewswire/ -- Crescendo Partners stated today that it is supportive of the recent announcement by Regis Corporation (NYSE: RGS) that its Board of Directors has authorized the exploration of strategic alternatives to enhance shareholder value. This announcement by the Regis Board comes on the heels of a letter that Crescendo delivered to the Company last week nominating director candidates for election to the Regis Board at the Company's 2010 Annual Meeting of Shareholders.
Eric Rosenfeld, Chairman and CEO of Crescendo, stated, "We view Regis as a unique and very valuable asset with tremendous growth potential and an ability to generate high return on incremental capital. We believe the Company is significantly undervalued and agree with the Board's decision to commence a strategic alternatives review process."
Crescendo concluded by stating it intends to closely monitor developments at the Company and the progress of the Board's strategic alternatives review process to ensure that all steps are being taken to enhance shareholder value.
For Additional Information Please Contact:
Crescendo Partners
Eric Rosenfeld or Arnaud Ajdler (212) 319-7676
SOURCE Crescendo Partners
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