More on the AMC Loews merger: Though it's going to be "structured as a merger", AMC obviously has the upper hand, and the deal may be a big arrow pointing to their return to the market as a public offering. Oddly, the stock price of new company's biggest competition, the even larger Regal chain, actually went up 16 cents the day of the announcement. Dick Westerling, a Regal vice president, even applauded the merger announcement, telling Variety, "Consolidation is a good strategy in this industry." And ultimately, the speculators are speculating that having another mega-exhib around will likely force studios to share more of their profits with theaters. If they ever again have profits to share, that is.