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Alberto-Culver Company Announces $2.6 Billion Agreement

Posted: January 11, 2006

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Prior to completion of the merger, Sally will borrow $400 million, which it will distribute to Alberto-Culver Company. Alberto-Culver Company will use approximately $280 million of the proceeds after the closing of the merger to pay a $3 per share special one-time cash dividend to Alberto-Culver Company shareholders. In addition, Alberto-Culver’s annual cash dividend is expected to be 16 cents per share in conjunction with the Alberto-Culver share price adjustment. Regis’ annual cash dividend is expected to be increased 125% to 36 cents per share from its current annual payout of 16 cents per share.