DataRoom AM: Skilled’s Programmed delay

The labour hire group is yet to respond to suitor Programmed Maintenance Services, while the Queensland premier has stepped up his pitch for power asset sales.

Programmed Maintenance Services is ramping up the pressure on takeover target Skilled Group, but with Skilled yet to officially respond there appears to be a long way to go before a $660 million merger can be negotiated.

Elsewhere, Servcorp is singled out as a likely takeover candidate, Rio Tinto’s takeover defence strategies draw plenty of attention and Queensland premier Campbell Newman ramps up his privatisation pitch as Spark Infrastructure readies for action.

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