I would like to thank PKZ's management for having the good sense to ignore the likes of those who bashed me for pounding the table at the height of the pessimism surrounding the company a couple of months ago that it should put itself up for sale. The bashers said it couldn't be done, or certainly not at anything more than a fire-sale price in any case with all the hair on the company (even as some of them were actually bulls who thought that the company could rebound quickly on its own).
Thank you Messrs. Isautier and Phipps for recognizing that the best way to maximize shareholder value is to combine with a larger entity who can more effectively stand up to both Lukoil and the Kaz. govt. Best of luck to Goldman Sachs - go get us the value for our PKZ shares that we deserve.
I guess they should be thanked too for selling at $40 per share, getting in a fracas with Lukoil, operating in such a way to anger the KAZ gov't. that they even had personnel arrested and the like. What saves PKZ is not its management but its assets.