RCF has now taken to MSM to beat on TMT SH, page-114

AVL's share price has been on an uninterrupted downtrend since the start of May this year - it has roughly halved in value since then. If this merger goes ahead, you'll get AVL shares whose value is tracking downward, so it'll be like walking into a falling knife. Not a particularly attractive proposition. The merger news announced in late Sept made no difference to this downward movement, it has continued unabated. AVL holders have themselves been selling up and moving on before any merger is agreed. It appears there are some on both sides that dislike this merger proposal.

All IMHO, DYOR