IBX - Potential 25 BAGGER!, page-104

i would assume the intrinsic value is offered for them as well, or just convert them, or sell them on market.

But not to be in a rush, because there could be multiple parties bidding war, and several offers.
The stock still trades during the takeover offers period, and there can be speculation of an increased offer.

12m month capital gains tax relief, will be foremost on the mind though, when the stakes get higher.
Consult your financial advisor, but my understanding is that you can get 12m CGTR on a option, but the clock resets if you convert it.