News: SWL Seymour Whyte Ltd says VINCI updates its indicative proposal

May 12 (Reuters) - Seymour Whyte Ltd (SWL) :

• Vinci Construction International Network has now updated its indicative proposal to a total cash consideration of AU$1.285 per ordinary share
• A special dividend is expected to be incorporated as part of total cash consideration
• Vinci's updated proposal below initially proposed range & reflects seymour whyte's reduced FY17 performance during due diligence period
• Anticipates that its FY17 financial performance, net profit after tax, will be in range of prior year's results and breakeven