In European trading earlier today, Baan shares rose 15.7 percent to 3.03 euros ($2.82) following the announcement, while Invensys shares were down 17.3 percent to 248.5 pence ($3.71). Invensys will pay 2.85 euros ($2.65) per share for Baan, an 8.8 percent premium on yesterday's close. Invensys, which has a market capitalization of about 9.3 billion pounds ($13.9 billion), said it will also absorb reorganization charges as it attempts to return Baan to profit within a year. Once a Wall Street favorite, Baan has seen its market capitalization plummet to roughly $530 million from more than $8 billion in two years. In its latest quarter, Baan said total revenues sagged to $106 million from $176 million, while license revenue from the sale of new software slid to $27 million from $65 million. At the time, analysts expected the company to report total revenues of about $130 million.