New World Entertainment announced that it had...

New World Entertainment announced that it had closed its debt exchange offer, with nearly 80%, or $198.5 million, of its old notes and bonds being swapped for cash or new securities. . . Louisville, Ky.-based Batus Inc. said it extended its $4.4-billion tender offer for Farmers Insurance Group Inc., Los Angeles until midnight Aug. 17 . . . Cineplex Odeon Corp. agreed to sell 57 Canadian theater properties to real estate concern Carena Bancorp Inc. for about $42.5 million . . . Pillsbury Co. announced that it had completed its acquisition of San Diego-based Bumble Bee Seafoods Inc. Terms of the agreement were not announced . . . The Investment Company Institute reported that the assets of the nation’s 447 money market mutual funds rose $840.3 million in the week ended Aug. 10.