Insilco Corp. said its board approved a...

Insilco Corp. said its board approved a management-led buyout offer that values the high technology and specialty consumer products holding company at $950 million. The board’s action in backing the $29-a-share offer came two days after the Meriden, Conn., company disclosed that its management was considering making an offer to acquire the company in a leveraged buyout. Insilco officials would not say whether there had been any outside offers for the company.