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Staffing services company Skilled Group Limited (ASX:SKE) is mulling a merger proposal from Programmed Maintenance Services Limited (ASX:PRG).Following media speculation Programmed Maintenance Services has confirmed it made a non-binding merger of equals proposal to Skilled Group last week.Under the proposed deal shareholders of each company would hold 50 per cent of the combined group.Programmed Maintenance Services says the merger could create anticipated synergies of more than $20 million per annum.Skilled Group has not as yet responded to the proposal.Skilled Group reported a net profit of $44.2 million in the 2014 financial year.
