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Monday, June 23, 2014
Oracle To Buy Micros Systems

Oracle is buying Micros Systems Inc., which provides software and hardware to the hospitality and retail industries, for about $5.3 billion.

Oracle said Monday that it will pay $68 per Micros share, a 3 percent premium to the company's $65.77 Friday closing price.

Oracle said the acquisition will extend its offerings by combining Micros' industry-specific applications with its business applications, technologies and cloud portfolio.

Oracle expects the transaction to close in the second half of the year.

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