Impact of NST/SAR merger on NCM

With the NST/SAR merger, the pressure will be on NCM to try and deliver some sort of growth and distinguish itself more against the merged entity. Otherwise money will flow out of NCM into the new merged entity where it looks like there are better growth options.

We've already seen some weakness in the share price today for NCM on the day of this announcement. Or maybe I'm reading too much in this?