Baan avoids collapse

Dutch software firm Baan avoided collapse this week when Invensys revised the terms of its bid and took immediate control. The UK automation group had originally wanted 95% of Baan’s shares, but settled for receiving 75% by the Tuesday deadline.

Dutch software firm Baan avoided collapse this week when Invensys revised the terms of its bid and took immediate control. The UK automation group had originally wanted 95% of Baan’s shares, but settled for receiving 75% by the Tuesday deadline.