Two of the nation’s top groundhogs are in agreement. After not seeing their shadows on Wednesday morning, Punxsutawney Phil and Staten Island Chuck concluded–or at least their handlers did–that spring is just around the corner.

But will the chilly dealmaking environment also begin to warm? While woodchucks might not be as adept at tracking the level of M&A activity, there are financial journalists and market analysts to keep tabs on such information.

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