Invensys and Baan Meger hangs in balance

The future of the Invensys/Baan merger is hanging in the balance. As this issue goes to press, Invensys has extended the deadline for Baan shareholders to accept its offer.

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By  Peter Conmy Published  August 6, 2000

The future of the Invensys/Baan merger is hanging in the balance. As this issue goes to press, Invensys has extended the deadline for Baan shareholders to accept its offer.

The price of the offer remains the same.

Baan shareholders have until July 25th to agree to Invensys’ offer of 2.85 euros ($2.64) per share.

Invensys so far only has 58% acceptance for the offer, and many analysts are concerned that the deal may well collapse, leaving Baan, and it’s customers with an uncertain future.

Gartner Group is recommending to companies that are implementing Baan solutions request rights to all related code as “insurance against a worst-case scenario.”

Postpone Investments

Enterprises are also advised to postpone Baan investments and maintenance contracts, and devise technical support and maintenance plans with third party providers until ownership issues are resolved.

For more information please visit: www.baan.com.

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