
TrueBlue, Inc. (NYSE:TBI), a leading provider of specialized workforce solutions, today issued the following statement in response to recent public comments made by HireQuest, Inc. regarding a potential transaction

<p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">TrueBlue, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TBI">TBI</a>),</b> a leading provider of specialized workforce solutions, today issued the following statement in response to recent public comments made by HireQuest, Inc. regarding a potential transaction between the companies.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, TrueBlue's Board of Directors is carefully reviewing and evaluating the latest unsolicited proposal to determine the course of action that it believes is in the best interests of its shareholders.

</p><p xmlns="http://www.w3.org/1999/xhtml">
There is no action for shareholders to take at this time.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Barclays is serving as financial advisor and Sidley Austin LLP is serving as legal counsel to TrueBlue.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About TrueBlue</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
TrueBlue (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TBI">TBI</a>) is a leading provider of specialized workforce solutions. As The People Company<sup xmlns="http://www.w3.org/1999/xhtml">&#xAE;</sup>, we put people first–advancing our mission to connect people and work while delivering smart, scalable solutions that help businesses grow and communities thrive. Since our founding, TrueBlue has connected more than 10 million people with work and served over 3 million clients across a variety of industries. Powered by proprietary, digitally enabled platforms and decades of expertise, our brands–PeopleReady, PeopleScout, Staff Management &#x7C; SMX, Centerline, SIMOS, and Healthcare Staffing Professionals–provide a full spectrum of flexible staffing, workforce management, and recruitment solutions that bring precision, speed and scale to the changing world of work. Learn more at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.trueblue.com%2F&amp;esheet=54534914&amp;newsitemid=20260512019688&amp;lan=en-US&amp;anchor=www.trueblue.com&amp;index=1&amp;md5=1f9d326af2dc484102e489849ce408c2" shape="rect">www.trueblue.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release contains forward-looking statements relating to our plans and expectations including, without limitation, statements regarding the future performance and operations of our business, expectations regarding stabilization in demand, and expected growth from our digital investments, all of which are subject to risks and uncertainties. Such statements are based on management's expectations and assumptions as of the date of this release and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in our forward-looking statements including: (1) national and global economic conditions, which can be negatively impacted by factors such as rising interest rates, inflation, changes in government policies, political instability, epidemics and global trade uncertainty, (2) factors relating to any unsolicited offer ("Offer") to purchase the shares of the Company, actions taken by the Company or its shareholders in respect to such an Offer, and the effects of such an Offer, or the completion or failure to complete an Offer on the Company's business, or other developments involving such an Offer; (3) actions of activist investors including costs and expenses incurred to address activism-related matters and the distraction of management from business operations in responding to those actions, including any proposals or a proxy contest for the election of directors at our annual meeting of shareholders; (4) our ability to maintain profit margins, (5) our ability to attract and retain clients, (6) our ability to access sufficient capital to finance our operations, including our ability to comply with covenants contained in our revolving credit facility, (7) our ability to successfully execute on business strategies and further digitalize our business model, (8) our ability to attract sufficient qualified candidates and employees to meet the needs of our clients, (9) new laws, regulations, and government incentives that could affect our operations or financial results, (10) any reduction or change in tax credits we utilize, including the Work Opportunity Tax Credit, (11) our ability to successfully integrate acquired businesses, and (12) the timing and amount of common stock repurchases, if any, which will be determined at management's discretion and depend upon several factors, including market and business conditions, the trading price of our common stock and the nature of other investment opportunities. Other information regarding factors that could affect our results is included in our Securities and Exchange Commission (the "SEC") filings, including the Company's most recent reports on Forms 10-K and 10-Q, copies of which may be obtained by visiting our website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.trueblue.com&amp;esheet=54534914&amp;newsitemid=20260512019688&amp;lan=en-US&amp;anchor=www.trueblue.com&amp;index=2&amp;md5=0e0fac869a2d8277361eae74cc16eedc" shape="rect">www.trueblue.com</a> under the Investor Relations section or the SEC's website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54534914&amp;newsitemid=20260512019688&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=3&amp;md5=71b0e8e5fd77e5a70c49fe7d89b469b7" shape="rect">www.sec.gov</a>. We assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Any other references to future financial estimates are included for informational purposes only and subject to risk factors discussed in our most recent filings with the SEC.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260512019688r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260512019688/en/" rel="nofollow">https://www.businesswire.com/news/home/20260512019688/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
TrueBlue Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:InvestorRelations@trueblue.com" shape="rect">InvestorRelations@trueblue.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
TrueBlue Media
<br xmlns="http://www.w3.org/1999/xhtml"></br>Dan Moore / Jack Kelleher
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:TBI-CS@collectedstrategies.com" shape="rect">TBI-CS@collectedstrategies.com</a>

</p>

TrueBlue Confirms Receipt of Unsolicited Acquisition Proposal from HireQuest for On-Demand Business

TrueBlue Responds to Potential Acquisition Offer from HireQuest

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>TrueBlue, Inc. (NYSE:TBI), a leading provider of specialized workforce solutions, today issued the following statement in response to recent public comments made by HireQuest, Inc. regarding a potential transaction</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>TrueBlue, Inc. is currently evaluating an unsolicited acquisition proposal from HireQuest, Inc. The outcome could significantly affect TrueBlue&#039;s strategic direction and shareholder value, pending the board&#039;s decision based on financial advisement.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>TrueBlue reviews unsolicited acquisition proposal from HireQuest, Inc.</li><li>Board consulting financial and legal advisors for decision-making.</li><li>Shareholders have no immediate action required at this time.</li><li>Barclays and Sidley Austin are advising TrueBlue in this matter.</li><li>TrueBlue emphasizes commitment to fiduciary duties in shareholder interests.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>TrueBlue (TBI)</strong>: Potential acquisition could elevate stock value.</li><li><strong>HireQuest (HQI)</strong>: Initiates competitive interest in workforce solutions market.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits into corporate developments as it concerns an unsolicited acquisition proposal, suggesting a strategic shift for TrueBlue and potential market consolidation in workforce solutions.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Unsolicited bids can lead to share price volatility and speculation.</li><li>Shareholder response and board evaluation may impact stock sentiment.</li><li>Strategic partnerships may arise from competitive responses to the offer.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>TrueBlue Board is reviewing unsolicited proposal as of [Insert Date].</li><li>Barclays and Sidley Austin serve as advisors.</li><li>TrueBlue connected over 10 million people with work in its history.</li><li>Offers are subject to risks including economic conditions and management responses.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying TBI on potential acquisition premium over coming months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">TrueBlue, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TBI">TBI</a>),</b> a leading provider of specialized workforce solutions, today issued the following statement in response to recent public comments made by HireQuest, Inc. regarding a potential transaction between the companies.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, TrueBlue's Board of Directors is carefully reviewing and evaluating the latest unsolicited proposal to determine the course of action that it believes is in the best interests of its shareholders.

</p><p xmlns="http://www.w3.org/1999/xhtml">
There is no action for shareholders to take at this time.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Barclays is serving as financial advisor and Sidley Austin LLP is serving as legal counsel to TrueBlue.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About TrueBlue</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
TrueBlue (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TBI">TBI</a>) is a leading provider of specialized workforce solutions. As The People Company<sup xmlns="http://www.w3.org/1999/xhtml">&#xAE;</sup>, we put people first–advancing our mission to connect people and work while delivering smart, scalable solutions that help businesses grow and communities thrive. Since our founding, TrueBlue has connected more than 10 million people with work and served over 3 million clients across a variety of industries. Powered by proprietary, digitally enabled platforms and decades of expertise, our brands–PeopleReady, PeopleScout, Staff Management &#x7C; SMX, Centerline, SIMOS, and Healthcare Staffing Professionals–provide a full spectrum of flexible staffing, workforce management, and recruitment solutions that bring precision, speed and scale to the changing world of work. Learn more at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.trueblue.com%2F&amp;esheet=54534914&amp;newsitemid=20260512019688&amp;lan=en-US&amp;anchor=www.trueblue.com&amp;index=1&amp;md5=1f9d326af2dc484102e489849ce408c2" shape="rect">www.trueblue.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release contains forward-looking statements relating to our plans and expectations including, without limitation, statements regarding the future performance and operations of our business, expectations regarding stabilization in demand, and expected growth from our digital investments, all of which are subject to risks and uncertainties. Such statements are based on management's expectations and assumptions as of the date of this release and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in our forward-looking statements including: (1) national and global economic conditions, which can be negatively impacted by factors such as rising interest rates, inflation, changes in government policies, political instability, epidemics and global trade uncertainty, (2) factors relating to any unsolicited offer ("Offer") to purchase the shares of the Company, actions taken by the Company or its shareholders in respect to such an Offer, and the effects of such an Offer, or the completion or failure to complete an Offer on the Company's business, or other developments involving such an Offer; (3) actions of activist investors including costs and expenses incurred to address activism-related matters and the distraction of management from business operations in responding to those actions, including any proposals or a proxy contest for the election of directors at our annual meeting of shareholders; (4) our ability to maintain profit margins, (5) our ability to attract and retain clients, (6) our ability to access sufficient capital to finance our operations, including our ability to comply with covenants contained in our revolving credit facility, (7) our ability to successfully execute on business strategies and further digitalize our business model, (8) our ability to attract sufficient qualified candidates and employees to meet the needs of our clients, (9) new laws, regulations, and government incentives that could affect our operations or financial results, (10) any reduction or change in tax credits we utilize, including the Work Opportunity Tax Credit, (11) our ability to successfully integrate acquired businesses, and (12) the timing and amount of common stock repurchases, if any, which will be determined at management's discretion and depend upon several factors, including market and business conditions, the trading price of our common stock and the nature of other investment opportunities. Other information regarding factors that could affect our results is included in our Securities and Exchange Commission (the "SEC") filings, including the Company's most recent reports on Forms 10-K and 10-Q, copies of which may be obtained by visiting our website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.trueblue.com&amp;esheet=54534914&amp;newsitemid=20260512019688&amp;lan=en-US&amp;anchor=www.trueblue.com&amp;index=2&amp;md5=0e0fac869a2d8277361eae74cc16eedc" shape="rect">www.trueblue.com</a> under the Investor Relations section or the SEC's website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54534914&amp;newsitemid=20260512019688&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=3&amp;md5=71b0e8e5fd77e5a70c49fe7d89b469b7" shape="rect">www.sec.gov</a>. We assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Any other references to future financial estimates are included for informational purposes only and subject to risk factors discussed in our most recent filings with the SEC.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260512019688r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260512019688/en/" rel="nofollow">https://www.businesswire.com/news/home/20260512019688/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
TrueBlue Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:InvestorRelations@trueblue.com" shape="rect">InvestorRelations@trueblue.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
TrueBlue Media
<br xmlns="http://www.w3.org/1999/xhtml"></br>Dan Moore / Jack Kelleher
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:TBI-CS@collectedstrategies.com" shape="rect">TBI-CS@collectedstrategies.com</a>

</p>

TrueBlue, Inc. is currently evaluating an unsolicited acquisition proposal from HireQuest, Inc. The outcome could significantly affect TrueBlue's strategic direction and shareholder value, pending the board's decision based on financial advisement.

TrueBlue Confirms Receipt of Unsolicited Acquisition Proposal from HireQuest for On-Demand Business

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News