Durlacher Corporation forms joint venture and alliance with venture capitalist BMP. Durlacher advised by SJ Berwin (Jonathan Metliss). BMP advised in-house.

Stessa makes £68.7m bid to take property investment company Moorfield Group private. Stessa advised by CMS Cameron McKenna (Barney Hearnden). Moorfield advised by Herbert Smith (Nigel Farr).

Abbott Laboratories acquires BASF’s pharmaceuticals business for $6.9bn (£4.7bn) cash. Abbott advised by Jones Day Reavis & Pogue (Libby Kitslaar). BASF advised by Hengeler Mueller Weitzel Wirtz (Michael Baumgartl).

Perry Group sells its motor division to Pearlglass, a newco formed by two members of the motor division’s management team. Perry Group advised by Ashurst Morris Crisp (Susan Roy). Pearlglass advised by Hewitson Becke + Shaw. Financiers Bank of Scotland and Capital Bank advised by Davies Wallis Foyster.

Prudential buys US insurer American General for around £18bn in stock. Prudential advised by Freshfields Bruckhaus Deringer (Graham Nicholson) in the UK and Cleary Gottlieb Steen & Hamilton in the US. American General advised by Slaughter and May (William Underhill) and Skadden Arps Slate Meagher & Flom.