Any offer will have to be above current price now as seems to have found its value around here. Offer or increased loan amout will see it move up quick imo.
Merger would probably suit both companies especially if they can take out costs. They would also benefit from each other's customer base. Can't see any problems with competition regulators.
I think the last delay was due to them knowing an offer may be made but as you say think AVG will want more time so expecting extension from RBS which will allow further contract announcements.
They seem to lump a number of wins together so may already have a couple since end of March
Last year they sold a lot of assets which kept the cash rolling in. Question is are the remaining assets profitable as they have run out of things to sell.
Are the key at the moment, if they provide further long term funding then no matter what AVG does I believe that HAYT will get through this short term pain and be a much more focused company going forward. This will certainly sharpen them up and cost reductions/ furrher orders will be targeted.
A lot of people employed by both companies let hope it stays in the U.K. and not taken out by a foreign company.
AVG my guess would be ok very little crossover but they will need to come in with high offer. Not long now.