Baan Yet Another ERP Vendor to Find a Sanctuary Under Invensys’ Wing
P.J. Jakovljevic - June 21, 2000

Event Summary

According to Baan's press release, the Boards of Invensys plc and Baan Company N.V. announced the terms of the recommended cash offer to acquire the entire issued share capital of Baan (the 'Offer'). The Offer will be $2.65 in cash for each Baan share, valuing the entire existing issued share capital of Baan at approximately $709 million. The Offer is due to commence within three weeks of this announcement at which time Baan shareholders will be invited to tender their shares...