As I said up-thread the only positive to come out of this will be increased distribution outside Canada. I don't see quality going anywhere but down**. The upside is that prices aren't likely to go up (much) since they're already near the top for the category.
* they only own Glen Grant which is nearly irrelevant as far as single malts go.
** Under John Hall, FC has been lauded as one of the best quality Canadian whiskies around. I don't think JH will be around very long, so what are the chances it will get better without him?