Campeau Corp. has agreed to sell Boston’s...

Campeau Corp. has agreed to sell Boston’s Filene’s Basement--famous for discounting designer goods--to an investors group led by the retailer’s managers. The price was not disclosed . . . The Kansas Insurance Department set July 6 as the start of hearings into Batus’ $4.35-billion hostile takeover bid for Farmers Group, a Los Angeles-based insurance holding company . . . Salt Lake City-based American Stores Co. has purchased 36.14 million shares of Dublin, Calif.-based Lucky Stores Inc.’s common stock under its tender offer to pay $65 cash for each outstanding Lucky share.