HireQuest responds to TrueBlue rejection of acquisition proposal

HireQuest (HQI) issued the following statements in response to the announcement by TrueBlue (TBI) that its board of directors has rejected HireQuest’s previously announced proposal to acquire TrueBlue for $7.50 per share. “We are disappointed that despite the positive response to our offer from TrueBlue shareholders, TrueBlue’s Board not only continues to refuse to engage with us to discuss our offer but has even taken steps to deter their shareholders’ ability to weigh in,” said Rick Hermanns, Chief Executive Officer of HireQuest.