Batus Inc. said it had reached an...
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Batus Inc. said it had reached an agreement with the Kansas Commissioner of Insurance that would remove an obstacle to the company’s soliciting non-binding proxy resolutions in its hostile takeover bid for Farmers Group, a Los Angeles insurer . . . R. H. Macy & Co. announced that it has completed its acquisitions of the Bullock’s, Bullocks Wilshire and I. Magnin divisions of Federated Department Stores for $1.1 billion . . . British retailer Marks & Spencer said its purchase of Brooks Bros. from Campeau Corp. of Canada has been completed . . . British Aerospace announced an order for five of its 19-passenger Jetstream 31 turboprop commuter airliners from USAir Leasing & Services, a subsidiary of USAir Group . . . Los Angeles-based Occidental Petroleum announced that it has completed its acquisition of Cain Chemical for $1.25 billion in cash . . . Southdown Inc. and Moore McCormack Resources agreed to sell a Moore McCormack energy subsidiary for about $148.7 million to Canadian Oxy Offshore Production, a subsidiary of Occidental Petroleum of Los Angeles . . . French cognac house Remy Martin ended its takeover bid for liqueur maker Benedictine, clearing the path for Italian aperitif group Martini & Rossi’s higher offer.
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