arseweb,
You have probably already read them. There was a 5 page announcement and a 6 page presentation to ASX on the 5 March 2008 regarding the proposed transaction. It is still light on specific details. However, they may give you a better understanding if you have not yet read them.
http://clients.weblink.com.au/clients/childcare/article.asp?view=4197540
http://clients.weblink.com.au/clients/childcare/article.asp?view=4197543
Regards
SP
ABS
a.b.c. learning centres limited