Take over on the cards?

Hi all,

I'm just throwing out a scenario that I feel will gain traction over the next year while the story is still being unveiled at MA.

If/when WSA take over/buy out us share holders what would happen to the options? and what would be a general agreement to be taken over.

I know the latter is a very broad question but I've never owned shares in a company that has been taken over by another.

TIA
Have a safe and Merry Xmas all