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Monday, June 23, 2014

Oracle to purchase Micros Systems in $5.3 billion deal, (NASDAQ: MCRS)

Oracle Corp said it would purchase Micros Systems in a $5.3 billion deal to expand its offerings for the hospitality and retail industries.The offer of $68 per share represents a premium of 3.4 percent to Micros' Friday close.Micros shares were trading at $67.20 before the bell on Monday. They have risen 14 percent since Bloomberg reported on June 17 that the companies were in talks over a deal.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 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 1959846.