TrueBlue rejects HireQuest's $105 million bid for on-demand unit

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Go back to TrueBlue rejects HireQuest's $105 million bid for on-demand unit

TrueBlue Board of Directors Unanimously Rejects Unsolicited Proposal from HireQuest for On-Demand Business

May 27, 2026 8:00 AM EDT

Proposal Materially Undervalues On-Demand Business and Is Not in the Best Interest of Shareholders

Shareholders Do Not Need to Take Action At This Time

TACOMA, Wash.--(BUSINESS WIRE)-- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that its Board of Directors (the Board) has unanimously rejected the unsolicited, non-binding proposal from HireQuest, Inc. (NASDAQ: HQI) to acquire the On-Demand segment of TrueBlue's PeopleReady business for $105 million in cash.

As previously disclosed last year, the Board... More