US Election Will Increase M&A Volatility, PJT’s Taubman Says

The likely face-off between President Joe Biden and Donald Trump in November will stir turmoil in the mergers-and-acquisitions market this year, according to PJT Partners’ founder Paul Taubman.

“This election is going to introduce an extraordinary amount of volatility into the market,” Taubman said on Bloomberg TV Thursday, adding that he expects the vote margin will be razor-thin. “When I talk to clients, they sort of understand it, they are prepared for it, but it’s not really front and center, and I think that’s a wall of worry we will climb.”