GREASE MONKEY <GMHC> GETS, REJECTS MERGER OFFER Grease Monkey Holding Corp said it has received and rejected an unsolicited merger offer from Jiffy Lube International Inc <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.