You get an intergalactic black-hole merger, BIG black hole.
That's what the best minds at NASA, and JPL say.
http://www.space.com/scienceastronomy/060406_blackhole_merge.html
http://www.usatoday.com/tech/science/space/2007-05-17-merging-black-holes_N.htm
NASA guys recently developed the calculations that seem correct based on the 3D models of events they can track and observe.
http://www.nasa.gov/vision/universe/starsgalaxies/gwave.html
Apparently it's a pretty dramatically violent event, based on the models they've developed.
http://www.aip.org/png/2006/256.htm
Pretty much it seems fairly - bad - from a gravitational perspective.