AVI shares jump on potential buy

AVI shares jumped as much as 5% on Thursday, the most since early March on an intraday basis, after the food producer said it is in talks regarding a potential acquisition. AVI, which owns Five Roses tea and numerous other household brands, competes with established players such as Tiger Brands as well as privately owned labels for a share of supermarket shelves. AVI advised shareholders to exercise caution in dealing with its shares, which closed 3.82% higher at R78.73.