luap77, it's all in the ASIC link below.
There are a number of scenarios that could get played out, some will be advantageous to those who hold, others not.
If you were a gambling man right now imo you may put your money on AEL lifting their bid.
http://www.fido.gov.au/fido/fido.nsf/byheadline/Takeovers+info+for+shareholders?opendocument
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