Excellent document on how takeovers work here:
http://www.google.com.au/url?q=http://www.mallesons.com/Documents/A_guide_to_takeovers_in_Australia.pdf&sa=U&ei=yWgxUuLXCMnnkgWR74D4DQ&ved=0CCUQFjAA&sig2=9vE9wGBkOCXDL8uac26Z-A&usg=AFQjCNGv7D4kApKcTXgMN-67mUHf7FPRzg
So, if it does get to takeover point, the questions are
1. Off market, on market, or Scheme of Arrangement?
2. How much? I'd take 19c.
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