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Friday, July 25, 2014

EU regulators to decide on Oracle, Micros deal by Aug. 29, (NASDAQ: MCRS)

European Union antitrust regulators will decide by Aug. 29 whether to clear world No. 2 software maker Oracle Corp's $5.3 billion bid for Micros Systems, the European Commission said on Friday. The deal, Oracle's biggest in five years, is in line with Oracle's strategy to boost its fast-expanding cloud business. Micros 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 0.03% or $0.02/share to $67.74. In the past year, the shares have traded as low as $46.13 and as high as $70.24. On average, 1923280 shares of MCRS exchange hands on a given day and today's volume is recorded at 1283231.