JONES AND VINING &lt;JNSV> GETS VULCAN &lt;VUL> BID

  Jones and Vining Inc said
  Vulcan Corp, one of its main competitors in the production of
  shoe lasts, has offered to acquire Jones and Vining for five
  dlrs a share.
      Jones and Vining said a management effort to take the
  company private will go ahead at 4.50 dlrs per share. The form
  of the buyout has not yet been determined and the buyout is
  subject to a nunber of conditions, it said.
      Jones and Vining said its board believes that a transaction
  with Vulcan would be difficult to complete, but it has asked
  Vulcan for further information to explore the bid.
      On January 23, Jones and Vining said its board had
  recommended that shareholders aprove a management buyout at
  4.50 dlrs a share.
      On February Six, Vulcan initially offered to acquire Jones
  and Vining for five dlrs a share, but Jones and Vining
  dismissed the offer as "frivolous" and "without substance" and
  said the bid failed to comply with provisions of the Securities
  Act of 1934.
  

