I don't think they'd even be qualified enough to work in the...

I don't think they'd even be qualified enough to work in the mail room. Why do people think there'll be a counter offer? Obviously NAB's "discussions" weren't as "good" as the WBC offer which carries the endorsement of the Board, so this is as good as it gets.
Any self respecting bank out there will pick up their customers anyway (by default; why would they pay for it?) as people refinance because the cost of RHG's loans become uncompetitive. And by the way, what will happen to the $140mil (the 40 cps) that gets paid to RHG? Who gets it? What's left then for the shareholders? An annuity that's shrinking but even the directors can't value it? Please.