Clarity Industries, the company formed to take...

Clarity Industries, the company formed to take AFG Industries private, on Tuesday launched its cash tender offer of $33 per share of the Irvine glass manufacturer’s common stock. The offer, which will end March 28, is for up to 26.8 million shares and is valued at $883 million. It has been approved by the AFG board and is subject to a minimum of 21.8 million shares being tendered. AFG is the second largest flat-glass maker in the United States. R.D. Hubbard, AFG’s chairman and chief executive, heads the management group that formed Clarity.