Compelling reasons to combine Skilled Group and Programmed Group

Skilled Group (SKE) (+11.6%) outperformed during the month after it agreed to re-engage with its previously rebuffed suitor, Programmed Group (PRG). SKE and PRG operate very similar labour hire businesses and there are compelling reasons (including significant cost synergies) to combine the two companies. SKE is back at the negotiating table after PRG agreed to discuss “enhanced terms” to the previous scrip for scrip merger deal which was earlier viewed by the SKE board to be inadequate. We believe both parties are highly motivated to agree terms and shareholders in both companies will benefit should a deal indeed be reached.


MORE ON



1 topic

OC Funds Management (OC) is a boutique small cap specialist which was founded by its investment staff and non-executive directors. OC commenced operated in December 2000 with the launch of two long only small cap Australian equity funds, the OC...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.