Skilled Group (ASX:SKE) has been granted a trading halt by the ASX pending details of a potential transaction.
Last month the company entering into further discussions with Programmed Group in relation to a potential combination of the businesses.
At the time, Programmed indicated that it is prepared to enhance the terms upon which the companies may be combined and consequently, the SKILLED and Programmed Boards have agreed that there is merit in pursuing further discussions.
The halt will last until the opening of trade on Wednesday 24th June 2015, or earlier if an announcement is made to the market.
