Business News • MarketWire • Oracle to Acquire Morgan Lewis Client MICROS Systems |
Oracle to Acquire Morgan Lewis Client MICROS Systems |
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Oracle to Acquire Morgan Lewis Client MICROS Systems
PHILADELPHIA, PA--(Marketwired - Jun 23, 2014) - MICROS Systems, Inc. announced today that it has agreed to be acquired by Oracle. Under the terms of the agreement, MICROS stockholders will receive $68.00 in cash for each share of common stock they hold. The purchase price represents a fully-diluted equity value of approximately $5.3 billion, or $4.6 billion net of cash. Based in Columbia, Maryland, MICROS is a provider of information technology solutions for the hospitality and retail industries. Together, Oracle and MICROS will help hotels, food & beverage facilities, and retailers to accelerate innovation, transform their businesses, and delight customers with complete, open and integrated solutions.
View More : http://www.marketwired.com/mw/release.do?id=1923432&sourceType=3
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