THE SIZE, SCOPE OF IMPACT, AND GROWING FREQUENCY of M & A transactions, combined with the high failure rate are strong motives for today's business leaders to gain a better understanding of these transactions.

Today's leaders and corporate boards need to understand when a merger or acquisition is appropriate and under what circumstances they are likely to be successful in achieving their goals and to increase shareholder value.

But, beyond shareholder value it's important that leaders understand the risks and the effort required to achieve the potential that these transactions represent.

Finally understanding these transactions in today's environment is necessary as you never know when you might be looking for potential targets or if/when your organization is in fact becoming the target.

Kerry D. Gray CPA (CMA), MBA has enjoyed a successful career in financial services and government finance. During this time, he planned implemented and survived significant merger transactions and it was apparent to him that there was a huge gap in the benefits expected from those planning these transactions and the actual benefits delivered in the final implementation.

"Given the potential impact these transactions have on shareholders, employees, suppliers and communities I felt it was important to provide the information that will allow you to take advantage of this strategy appropriately and implement or integrate it successfully."