AVI stock plummets

Shares in consumer goods firm AVI slumped to lows last seen around 1990 when its bigger rival Tiger Brands announced it was dropping its takeover bid yesterday. Tiger Brands said it was scrapping its R8billion plan to buy AVI, due to worsening market conditions and unsuccessful talks with AVI managers. - Reuters

Shares in consumer goods firm AVI slumped to lows last seen around 1990 when its bigger rival Tiger Brands announced it was dropping its takeover bid yesterday. Tiger Brands said it was scrapping its R8billion plan to buy AVI, due to worsening market conditions and unsuccessful talks with AVI managers. - Reuters

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