Schedule 13D Exhibit L
Schedule TO Exhibit (a)(5)(i)
Wednesday 30th August 2000
For immediate release
INVENSYS CONFIRMS THAT THE SUBSEQUENT OFFER PERIOD
FOR BAAN COMPANY N.V. HAS EXPIRED
On 31 May 2000, Invensys announced it was making a recommended offer to
acquire all of Baan's outstanding shares at an offer price of Euro 2.85 per
share. At the close of that offer on 1 August 2000, Invensys announced that
it would provide Baan shareholders a Subsequent Offer Period during which
Invensys would continue to purchase tendered shares at Euro 2.85 per share.
The Subsequent Offer Period closed yesterday, 29 August 2000 (6.00pm
Amsterdam time; 12.00pm New York City time).
Invensys has now received acceptances of, or has otherwise acquired,
approximately 80% of Baan's outstanding shares. It will pay for shares
tendered during the Subsequent Offer Period within 3 business days.
Contact:
Victoria Scarth Invensys 020 7834 3848
Ben Brewerton / Melissa McVeigh Brunswick 020 7404 5959
INVENSYS PLC is a global leader in the Automation and Controls industry
with an annual turnover of (pound)7 billion. With its head office in
London, England it operates in all regions of the world through four
focused divisions - Software Systems, Industrial Drive Systems, Power
Systems and Controls. With over 100,000 employees, the company's products
and services range from advanced control systems and networks for
automating industrial plants and controlling the environments of buildings,
to electronic devices and controls found in residential buildings and light
commercial applications, plus complete power systems for the
telecommunications and information technology industries.
