Hair care salon operator Regis (RGS +4.7%) is moving higher after 4.4% shareholder Starboard...

|About: Regis Corporation (RGS)|By:, SA News Editor

Hair care salon operator Regis (RGS +4.7%) is moving higher after 4.4% shareholder Starboard Value issues a letter calling on the company to "explore strategic alternatives" for several "non-core assets." Starboard believes such moves could produce $100M in annual cost savings.