The British INVENSYS will extend until 25 July its offer for the Dutch software company BAAN. It has already received the assent from shareholders who represent 58% of the capital while the Dutch ING which holds 5.9% of the capital refuses to sell its stake, according to the Financial Times. The friendly offer from INVENSYS was launched in 31 May for EUR 762 million. The conditions of the offer have not changed and are still set at EUR 2.85 per share. See EI of 3 June, p.18.