Oracle To Acquire MICROS Systems In A Deal Valued At Approx. $5.3 Bln

(RTTNews) - Oracle (ORCL) announced an agreement to acquire MICROS Systems, Inc. (MCRS), a provider of integrated software and hardware solutions to the Hospitality and Retail industries, for $68.00 per share. The deal is valued at approximately $5.3 billion, or $4.6 billion net of MICROS' cash.

Oracle expects the acquisition to be immediately accretive to its earnings on a non-GAAP basis and to expand over time. The transaction is expected to close in the second half of 2014.

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 & beverage facilities, and retailers to accelerate innovation, transform their businesses, and delight customers with complete, open and integrated solutions.