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Monday, June 23, 2014

Oracle nears $5 billion deal for Micros Systems - WSJ, (NASDAQ: MCRS)

Oracle Corp is likely to purchase Micros Systems in a $5 billion deal, expected to be announced as early as Monday morning, the Wall Street Journal reported, citing a person familiar with the matter. The takeover would value Micros at more than $67 a share, the newspaper said. ( Systems makes point-of-sale hardware and software for restaurants and hotels. Oracle has been rolling out its own cloud-based products and acquiring smaller cloud companies such as marketing software maker Responsys Inc.The deal, if confirmed, would be Oracle's largest acquisition since it bought Sun Microsystems for $5.6 billion in 2009.Bloomberg reported last week that the companies were in exclusive talks.

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 0.8% or $0.52/share to $65.77. In the past year, the shares have traded as low as $41.78 and as high as $70.24. On average, 987925 shares of MCRS exchange hands on a given day and today's volume is recorded at 1739762.