AFG Industries said it is studying a...

AFG Industries said it is studying a Forstmann Little proposal to acquire the flat glass maker at a price above $33 a share. Forstmann Little, a New York firm specializing in leveraged buyouts, made the all-cash offer on Wednesday, less than one week after a management group led by AFG Chairman R. D. Hubbard said it intended to take the company private in a $33-per-share cash tender offer valued at $883 million. AFG stock closed at $37 a share Thursday, up $4.75, in heavy trading.