We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sun 6 Aug 2000 04:00 AM

Font Size

- Aa +

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.

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 .

Arabian Business: why we're going behind a paywall

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.

Read next