The pumps and motor specialist said were in the early stages and there was no certainty that an offer will be made.
Avingtrans, which supplies engineered components and services to the energy, medical and traffic management industries, has until 5.00pm on 28 April to make an offer.
Earlier this month Hayward announced a slew of contract wins and said it had extended its deadline for a short-term loan facility.
The company’s share price took a hit last year after it revealed some orders were taking longer to close than originally envisaged but said it was merely due to delays rather than lost contracts.
Other Proactive news stories:
Akers Biosciences Inc (LON:AKR) has announced a US$2mln fundraising to prop up its balance sheet. The group will issue 1,448,400 common shares at US$1.40 per share. Shares fell 17% to 145p.
The circulating tumour cell (CTC) capture technology by NetScientific PLC'S (LON:NSCI) investee company Vortex Biosciences has been further endorsed in two research papers.
Peppa Pig owner Entertainment One Ltd (LON:ETO) has said its full-year performance has been in-line with its expectations driven by strong growth in Television and Family and an improved second half performance in Film.
eg solutions PLC (LON:EGS), the back-office workforce optimisation company, has landed a US$2.7mln, three-year contract with an unnamed global bank.
Eland Oil & Gas (LON:ELA) has given details of its success production restart at the Opuama field in Nigeria, where new crude shipping arrangement have unlocked new opportunities. Shares rose 5% to 48.2p.
Falcon Media House Limited (LON:FAL), the OTT video streaming focused firm released interim results today, for the 12 months to end December last year, before it changed its name from Falcon Acquisitions. This week it began retrading under that name having been suspended since July of last year after it announced the proposed acquisition of Orbital Media.
Zamano Plc (LON:ZMNO) posted 2016 results, which showed a 32% increase in revenues and pre -tax loss of €5.2mln for the full year. As reported in February, regulatory changes have impacted the smartphone content supplier which is now in the procee of winding up its existing business and considering alternative options.
Eco Atlantic Oil & Gas (LON:ECO) highlighted Exxon's latest neighbouring oil discovery, marking its third find in the block adjacent to the junior explorer's.
Lithium explorer European Metals Holdings Ltd (LON:EMH) has confirmed the pre-feasibility study for its Cinovec deposit in the Czech Republic will be published in April.