India, May 13 -- TrueBlue (TBI), a provider of specialized workforce solutions, on Tuesday announced that its Board of Directors unanimously rejected an unsolicited proposal from HireQuest, Inc., regarding a potential all-stock proposal to acquire all common shares of TrueBlue at $7.50 per share.
The company said it declined HireQuest's proposal following careful evaluation and consistent with its fiduciary duties.
Before this latest offer, in February 2025, the Board previously considered and rejected an unsolicited, non-binding proposal from HireQuest at a price of up to $12.30 per share of TrueBlue.
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HireQuest's latest proposal to acquire TrueBlue at ...