AFG Industries, which was the target of...

AFG Industries, which was the target of two shareholder class-action lawsuits last month, has disclosed to the Securities and Exchange Commission that a third shareholder suit has been filed to block the firm’s proposed management buyout. The three lawsuits have also been consolidated into one legal action. According to the disclosure, which was filed Wednesday, the suits allege that the $33-per-share purchase price offered by management is too low and that AFG directors acted in collusion to defraud shareholders through the proposed buyout.