Aug 11 (Reuters) - Gibson Energy Inc
* Confirms it received a non-binding, highly conditional proposal for discussion, from an unknown, unidentifiable foreign entity
* Other than initiation of process to divest industrial propane business, gibsons is not seeking expressions of interest for its business
* Board "seriously considered" proposal and retained independent legal and financial advisors to assist it in "careful deliberations"
* Board unanimously concluded that proposal represented inadequate value to shareholders and was not in co's best interests to pursue Source text for Eikon: Further company coverage: