Forstmann, Little & Co., the New York...

Forstmann, Little & Co., the New York investment partnership that has been a major player in leveraged buyouts, said it has amassed $4.1 billion for future purchases . . . Alaska Air Group of Seattle began its $3.25-a-share cash tender offer for Jet America Airlines, based in Long Beach . . . Ex-Cell-O’s board met in New York to discuss Textron’s bid last week of $68 a share for 13.3 million outstanding shares of Ex-Cell-O common stock . . . The Senate Banking Committee approved the nomination of Robert Heller to become a member of the Federal Reserve Board. Heller is director of international research at Bank of America.