BlueStone Capital Announces Investment Opinion on THINK New Ideas.NEW YORK--(BUSINESS WIRE)--June 29, 1999-- BlueStone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. Capital Downgrades THINK New Ideas "New Ideas" is the debut single by Scottish New Wave/Indie Rock act The Dykeenies. It was first released as a Double A-side with "Will It Happen Tonight?" on July 17, 2006. The band also recorded a video for the track. to a HOLD from a Strong Buy Senior Analyst Kurt Kammerer at BlueStone Capital Partners, L.P. reduces his rating on THINK New Ideas to a HOLD from a Strong Buy (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :THNK $15 3/8) Analyst's Summary -- Late last week, THINK New Ideas and AnswerThink Consulting Group, Inc. (NASDAQ:ANSR ANSR Autonomous Naval Support Round ANSR Adaptive Network Solutions Research, Inc. ANSR Advanced Neutron Source Reactor ANSR Active No Swashplate Rotor (Army) ) announced a definitive agreement to merge the two companies, creating what they believe will be one of the "premier providers of end-to-end e-business solutions for Fortune 1000 companies and emerging `dot-coms.'" -- The merger will be accounted for as a pooling-of-interests transaction. Under the terms of the agreement, THINK shareholders will receive 0.70 shares of AnswerThink common stock for each share of THINK common stock. Based on AnswerThink's closing price last Friday, June 25, of $23 11/16, the transaction is valued at approximately $200 million. The merger is scheduled to close in September and is subject to shareholder and regulatory approval, as well as customary closing conditions. -- The merger will combine THINK's Internet solutions and interactive marketing skills with AnswerThink's business transformation and technology integration expertise. The combined operations For the department of the British War Office during World War II, see . In the military, combined operations are operations conducted by forces of two or more allied nations acting together for the accomplishment of a single mission. See also
-- Newly revised EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. estimates for AnswerThink project that the transaction will be 15-20% dilutive for FY99 and marginally additive for FY00. Although we believe the sharp downturn in the shares of both stocks since the announcement has been an overreaction o·ver·re·act intr.v. o·ver·re·act·ed, o·ver·re·act·ing, o·ver·re·acts To react with unnecessary or inappropriate force, emotional display, or violence. , we also believe there is limited upside given the uncertain outcome of the integration process for the merged entity. Therefore, we have reduced our rating for THINK shares from a Strong Buy to a HOLD. BlueStone Capital Partners, L.P. is a full service investment banking and brokerage firm that delivers financial services to emerging growth and medium size companies worldwide. BlueStone Capital assists Clients in maximizing their growth by providing sophisticated investment strategies that are designed to achieve clients strategic, operating and financial goals. |
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