Skilled Group
(ASX:SKE) says it will conduct further conversations with Programmed Maintenance Services Limited
(ASX:PRG) Group regarding a possible merger.
Skilled knocked back a proposal from Programmed last year which offered a 50/50 combined group.
In an announcement to the ASX today, Skilled says that Programmed is prepared to up its terms on combining the two businesses and the boards of both companies have agreed to explore options.
Skilled says it continues with a strategic review of its business and it will be well positioned to grow the company as either a standalone business or part of a merged group.
Skilled Group
(ASX:SKE) reported a net profit of $21.1 million for the first half of the 2015 financial year.
