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Tuesday, June 17, 2014

Oracle may buy Micros Systems for more than $5 billion - Bloomberg, (NASDAQ: MCRS)

Oracle Corp is in talks to purchase Micros Systems Inc, which makes software for retailers and hotel chains, for more than $5 billion, Bloomberg reported citing people familiar with the matter.While the companies are in exclusive talks, they could still fail to reach an agreement, the report said. ( shares were up 16 percent at $67.10 in early afternoon trading on the Nasdaq. Oracle shares were up 1 percent at $42.61.Micros Systems makes point-of-sale hardware and software for restaurants and hotels.

MICROS Systems, Inc. (MICROS) is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries. Shares of MCRS traded higher by 15.42% or $8.9/share to $66.61. In the past year, the shares have traded as low as $41.78 and as high as $59.46. On average, 683836 shares of MCRS exchange hands on a given day and today's volume is recorded at 9192626.