The synergies make a lot of sense and a combined entity would be able to strip truckloads out of their cost base.
Would be interesting to see who approached who about a merger, albeit the wording of the respective ASX announcements could read as to suggest it was SKE that approached PRG.
If an agreement is reached, then all things being equal it is not difficult to see SKE being valued at $1.60 - $1.80 in the agreement.
SKE Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
