question on options

A little off topic, but has some pertainment to those option holders if this scenario ever did eventuate (note i dont think in anyway that this to be the case in the coming future).

1) If a company which i hold 100% options has a capital raising to fund a acquisition for future growth (so good reason) is this a bad thing if the optionholders arent entitled to the offer. Since this is dilution, the shares and options will go down but will it be bad if i miss out on the offer. Does it depend if a discount or????

2)If a company which I hold 100% optoins in is subject to a 100% takeover, are there seperate offers for the shares and options or juse the exercise price difference?

Any help would be appreciated