What effect do mergers and acquisitions have on future financial performance? Is there a balance sheet and income statement effect; if so what is/are they and do they help or hurt performance indicators? What effect does a merger or acquisition have on stockholder wealth? ie: Is there a potential for dilution of the stockholders net percentage of ownership? Does this activity have an effect on corporate strategy and strategic planning? If so then what are the issues and effects for management and stakeholders? Are there other stockholder issues?