Oreninc Index Returns to Pre-Holiday Level
The Oreninc Index rose for the week ending December 5, 2013. This week was mostly highlighted by the number of deals, 57, the most YTD. Total dollars announced rose to $176.6m after a slump last week. While brokered dollars announced rose to $26.6m on ten deals, it was still lower than the rate we had grown accustomed to during November; bought deals followed suit with just one deal for $5m, a seven-week low. While this week is marginally comforting after an expected down last week of November, there is some reason for pause before the previously held optimism continues.
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