Dec 29 (Reuters) - Westaff Inc:
* Receives proposal from Select Staffing
* Says received a proposal under which Select Staffing would acquire all of the
outstanding shares of the co not owned by Delstaff for $1.25 per share in
cash
* Says under the proposal Select Staffing would acquire all shares owned by
DelStaff, which owns about 49.3 percent of it, for first lien debt having a
value roughly equivalent to $1.25 per share
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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* Receives proposal from Select Staffing
* Says received a proposal under which Select Staffing would acquire all of the
outstanding shares of the co not owned by Delstaff for $1.25 per share in
cash
* Says under the proposal Select Staffing would acquire all shares owned by
DelStaff, which owns about 49.3 percent of it, for first lien debt having a
value roughly equivalent to $1.25 per share
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.