Regis Corporation (RGS) announced the acquisition of Alline Salon Group, its largest franchisee, in a transaction valued at $22 million of initial consideration, with the ability for ASG to earn an additional $3 million, or $1 million annually, through earn out payments over the next three years. Regis funded the cash portion of the purchase price with $15 million in proceeds from an upsize of Regis' credit agreement with existing lenders, and $4 million from available cash on hand.
Regis said the transaction is accretive to adjusted EBITDA and leverage giving effect to the transaction will decrease slightly.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.