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Programmed Maintenance Services Limited (ASX:PRG) has responded to Skilled Group knocking back its merger proposal saying it offered compelling value to shareholders.The maintenance and staffing company says it remains convinced that the industrial logic for a merger remains strong.Chairman Bruce Brook says the company is pleased that Skilled confirmed net synergies of around $20 million, but is disappointed with other aspects of the response.He says the offer came at a premium to Skilled’s recent undistributed share price.The company remains open to further discussions and still feels the proposal is in the best interests of both companies.Programmed Maintenance reported a net profit of $9.75 million in the 6 months to September 2014.
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Last
$1.68 |
Change
0.000(0.00%) |
Mkt cap ! $188.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6396 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 1000 | 1 |
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| Last trade - 16.21pm 05/09/2025 (20 minute delay) ? |
| PRG (ASX) Chart |
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