Fruehauf rejected Asher B. Edelman’s latest offer.

The company said it would consider Edelman’s $1.1-billion offer only if he lined up the money first. A special committee of Fruehauf’s board of directors said the truck-trailer manufacturer would not accept his $49.50-per-share offer and instead was supporting a leveraged buyout by its present managers. In a related development, the financier filed an amended complaint in federal court in Michigan seeking a preliminary injunction against Fruehauf and its management-led tender offer, charging its directors and officers with using false and misleading tender offer materials.