JONES AND VINING <JNSV.O> STARTS BID FOR SHARES Jones and Vining Inc said it has started a tender offer for all of its own shares at five dlrs per share. The company said it will hold a special meeting on July 10 for a vote on approval of a merger at the tender price. It said the price to be paid in the tender and merger could be reduced by any fees and expenses the court may award to counsel for the plaintiffs in the class action suit brought against it in Delaware Chancery Court by Ronda Inc. The plaintfiffs' counsel are seeking fees of up to 10 cts per share, Jones and Vining said. The company said the court has scheduled a hearing on the proposed settlement of the suit for July Eight. The company said the start of the tender offer and the calling of the special meeting are conditions of the settlement, and completion of the tender and merger are conditioned on final approval of the settlement.