Home From the Wires Oracle to purchase Micros Systems for $5.3B

Oracle to purchase Micros Systems for $5.3B

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Monday, June 23, 2014

Forbes: The California-based tech company will acquire the computer hardware company for $5.3 billion, or $4.6 billion net of cash.

The deal provides a $2.23 premium over Micros’ closing price Friday. However, the stock soared almost 15% Tuesday when reports of a deal first surfaced and sent the stock to a fresh 52-week high. The deal adds more than $10 of per share value to Micros going price before the leak.

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