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Investment Banking

Shire's AbbVie bankers back in frame for fee bonanza

Many of the unlucky advisers who missed out after the collapse of the pharma giants' merger are involved on Shire's $32bn tie-up with Baxalta

Shire is being advised by its corporate brokers Deutsche Bank and Morgan Stanley, and also Evercore Partners and Barclays
Shire is being advised by its corporate brokers Deutsche Bank and Morgan Stanley, and also Evercore Partners and Barclays Photo: Getty Images

Investment bankers who were advising Shire on its proposed $54 billion merger with AbbVie in 2014, only to see the deal collapse, have not had to wait long for a fresh shot at a bumper payday from the Dublin-based pharmaceuticals giant.

Shire announced on January 11 that it had agreed a $32 billion cash-and-stock tie-up with its US-based peer Baxalta.

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