Oracle wants to buy Micros for USD68 per share

Micros Systems, Inc. (NASDAQ: MCRS) said it has entered into a definitive agreement to be acquired by Oracle (NASDAQ: ORCL) in a deal in which Micros stockholders will receive USD68.00 in cash for each share of common stock they hold.

The purchase price represents a fully-diluted equity value of approximately USD5.3bn, or USD4.6bn net of cash.

Cloud, mobile, social, big data and the Internet of things are impacting every industry, encouraging companies to modernize in order to compete effectively. The addition of Micros extends Oracle´s offerings in industries by combining Micros´ industry specific applications with Oracle´s business applications, technologies and cloud portfolio. Together, Oracle and Micros will help hotels, food and beverage facilities, and retailers to accelerate innovation, transform their businesses, and delight customers with complete, open and integrated solutions.

The board of directors of Micros has unanimously approved the transaction. The transaction is expected to close in the second half of 2014, subject to Micros stockholders tendering a majority of Micros´ outstanding shares and shares representing vested equity incentive awards in the tender offer, certain regulatory approvals and other customary closing conditions.

Micros Systems, Inc. provides enterprise-wide applications, services and hardware for the hospitality and retail industries. Its website is at www.micros.com

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