March 16 (Reuters) - Seymour Whyte Ltd SWL.AX :
* 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" Source text for Eikon: Further company coverage: SWL.AX