Good news for existing holders, to the extent that they were bust if it didn't go through.
But let's face it, the real winners here are NAB.
As for new holders, good luck and it may work out, but personally I think the acquisition model is flawed, synergies are much harder to achieve in practice than on a spreadsheet, and vendors may jump ship or down tools anyway when final payments are made. Last, but not least, at some point the cycle will turn against them too.
Anyway, that's my two penny worth.
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