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Taubman’s PJT Establishes Health-Care M&A Cred With AbbVie (1)

June 25, 2019, 1:40 PMUpdated: June 25, 2019, 2:53 PM

Paul J. Taubman has long been one of Wall Street’s top telecom and media dealmakers. On June 25, he showed that his firm has become a force in healthcare M&A too.

PJT Partners Inc., the boutique investment bank Taubman founded in 2013, is co-advising AbbVie Inc. on its $63 billion deal for rival drugmaker Allergan Plc along with Morgan Stanley. Taubman spent 27 years at Morgan Stanley before starting PJT.

Paul Taubman
Photographer: Tina Fineberg/The New York Times via Redux

JPMorgan Chase & Co. is advising Allergan on the deal, the third biggest pharmaceuticals merger on record, according to data compiled by Bloomberg.

It’s the largest deal yet for ...