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After a slow start in the first half of the year, 2005 M&A activity kicked into high gear in the Accounts Receivable Management (ARM) industry thanks to a dramatic spike in third quarter transactions that produced $1.14 billion in total deal value, the largest amount of deal value ever recorded in a quarter. Based on the timing of when pending deals in the market close, the total deal value for 2005 could exceed last year's record-breaking results of $1.6 billion. High transaction values and competitive deal structures can be attributed to an economic "sweet spot" in the ARM industry. Declining ...