Strategic Alternatives Committee results from Regis..This is very dated, I understand that, but nevertheless it does offer retrospective insight into the content, duration of the review process, findings and long term SP reaction. It may or may not be relevant here. The CRX SA committee was announced in April of this year, and Q1 Earnings was in May. Here is the quote, I looked at the RGS stock 7 years post announcement, the growth was there but its back to the same levels sans splits. I just found this in google and did not in invest in this company...GLTA
"Regis Corporation (NYSE:RGS), the global leader in the $150 billion to $170 billion hair care industry, today announced that its Board of Directors has concluded its review of strategic alternatives. After a thorough and robust process, the Board has determined that the most appropriate course of action for maximizing shareholder value is for Regis to continue to execute upon its existing business plan as an independent public company. Regis previously announced in August 2010 that its Board had authorized the exploration of strategic alternatives."