Grease Monkey Holding Corp said it hasreceived and rejected an unsolicited merger offer from Jiffy
Lube International Inc &lt;LUBE>.
    The company said the proposal involved an exchange of
Grease Monkey common stock for a combination of Jiffy Lube
securities with an estimated current value substantially below
Grease Monkey's current market
 price.
    It said it will not disclosed details.
 Reuter
