March 16 (Reuters) - Seymour Whyte Ltd (SWL) : Asx...

March 16 (Reuters) - Seymour Whyte Ltd (SWL) :

• Asx alert-receipt of indicative and non-binding proposal-swl.ax
• Received an indicative, non-binding and conditional proposal from Vinci Construction International Network
• Indicative proposal contemplates an indicative price range of AU$1.36 to AU$1.43 cash per ordinary share
• Cautions its shareholders not to make any decisions about seymour whyte shares on assumption that a transaction will proceed
• Proposal from Vinci Construction International Network to acquire 100 per cent of issued shares of Seymour Whyte
• "Board remains confident in outlook for seymour whyte as an independent company"