A private company that I accepted a job offer with, got acquired by a public well known company. I should start there on June 1, 2011. They notified me that the offer is still valid.
The offer says: "Upon successful completion of your first 90 days of employment and subject to approval by the board of directories of the company, you will be granted an incentive stock option to purchase 25000 shares of the company's common stock. The option will be granted under the terms and conditions of the company's stock option and incentive plan, as amended, and in accordance between you and the company to be executed after your 90 days review".
What should I expect to happen with my stock options?