Batus Inc. and Farmers Group said the...

Batus Inc. and Farmers Group said the Texas state insurance commissioner approved the Los Angeles-based insurer’s acquisition by Batus. That leaves Oregon, Ohio and Kansas yet to act on the $5.2-billion deal, which is scheduled to close Dec. 16 . . . Montvale, N.J.-based Great Atlantic & Pacific Tea Co. said it raised its offer for supermarket chain Delchamps Inc. to $223.7 million, up from the $209.7 million of its earlier bid . . . The Investment Company Institute reported that the assets of the nation’s 452 money market mutual funds rose $1.18 billion in the week ended Oct 19, to $268.76 billion.