structure will be positive. I think even short term, by resolving the open issue of what will PZN do and by replacing the management team that lost investors confidence will be positive.
The open issues are (i) the degree of negative impact from not paying the dividend (although maybe painful, this will be old news before too long), (ii) who are the members of CCA's management team that will be receiving the 40% of the new/improved CCA (the real question is did these management members get their ownership % as a "carryover" of their prior CCA ownership, or was it a windfall?), and (iii) who the new CEO/CFO will be.
But, overall, this puts capital into a company that is back in the "growth" profile in a growing industry, and I assume it will result in a new professional management team (and presumably they'll have the experience and reputation of high quality, whether from this industry or from outside the industry).
Once people put aside the emotion of what they've previously lost from PZN, the growth-picture of this industry should return, and in the end, be positive for the industry.
This should be good for the other stocks in this industry as it removes (or will soon remove) the confusing corporate structure issues that have plagued PZN.