	gaf gaf studying borg warner bor plan gaf corp is studying an agreement under which merrill lynch capital partners will take borg warner corp private in a billion dlr transaction a gaf spokesman said the spokesman had no further comment analysts said there was speculation gaf would make a new offer for the chicago based plastics and automobile parts company borg warner s stock rose to above the merrill lynch dlrs per share tender offer price merrill lynch capital partners a unit of merrill lynch and co is tendering for pct of borg warner and offering a package of cash and securities for the balance of the shares gaf had offered dlrs per share previously it holds pct of borg warner s stock reuter 
