ORCL, MCRS: Micros Stock Soars on Oracle Deal Buzz

by Karl Utermohlen | June 17, 2014 1:58 pm

Micros Systems (MCRS[1]) stock soared after rumors of a possible sale to Oracle Corp. (ORCL[2]) surfaced. MCRS[3]

Sources familiar with the matter say that Oracle is closing in[4] on acquiring the computer hardware company for more than $5 billion. However, the deal is anything but complete and the two parties could still fail to reach an agreement. According to Micros Systems’ official website[5],

MICROS Systems, Inc. provides leading enterprise-wide applications, services and hardware for the hospitality and retail industries. Serving an extensive portfolio of clients worldwide, MICROS solutions are utilized in over 567,000 hotels, casinos, table and quick service restaurants, retail, leisure and entertainment, fuel and convenience, cruise, and travel operations in more than 180 countries, and on all seven continents.

MCRS stock is up over 16% Tuesday afternoon. ORCL stock is up about 1.15%.

More M&A News

  1. MCRS: /stock-quotes/MCRS-stock-quote/
  2. ORCL: /stock-quotes/ORCL-stock-quote/
  3. [Image]: https://investorplace.com/wp-content/uploads/2014/06/Micros.jpg
  4. closing in: http://www.bloomberg.com/news/2014-06-17/oracle-said-to-near-deal-to-buy-micros-systems.html
  5. official website: http://www.micros.com/AboutUs/
  6. NUAN: Samsung Sale Rumors Send Nuance Stock Soaring: https://investorplace.com/2014/06/nuan-samsung-nuance/#.U6B-P6iwXRE

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