Oracle Corporation to Purchase MICROS Systems for $5.3B (ORCL)

On Monday morning, Oracle Corp (ORCL) announced that it has entered into a definitive agreement to acquire MICROS Systems for $68 per share.

MICROS Systems provides integrated software and hardware solutions to the hospitality industry. The deal is worth $5.3 billion, or $4.6 billion net of MICROS Systems’ cash. MICROS Systems’ board of directors has approved the transaction, which is expected to close in the second half of 2014.

Oracle President Mark Hurd released the following comments along with the announcement: “Oracle has successfully helped customers across multiple industries, harness the power of cloud, mobile, social, big data and the internet of things to transform their businesses. We anticipate delivering compelling advantages to companies within the Hospitality and Retail industries with the acquisition of MICROS.”

Oracle stock was up just 18 cents, or 0.44%, in pre-market trading. YTD, the company’s stock is up 7.88%.

ORCL Dividend Snapshot

As of Market Close on June 20, 2014

Click here to see the complete history of ORCL dividends.