Acquisition of MICROS Systems, Inc. by Oracle Corporation May Not Be in …

SAN DIEGO and COLUMBIA, Md., Jun 23, 2014 /PRNewswire/ – Shareholder rights attorneys during Robbins Arroyo LLP are investigating
a due partnership of MICROS Systems, Inc.

/quotes/zigman/75481/delayed/quotes/nls/mcrs MCRS

by Oracle Corporation

/quotes/zigman/19452757/delayed/quotes/nls/orcl ORCL

.  On Jun 23, 2014, a dual companies announced a signing of a decisive partnership agreement pursuant to that MICROS shareholders will accept $68.00 in money for any share of common batch owned.

Is a Proposed Acquisition Best for MICROS Systems and Its Shareholders?

Robbins Arroyo LLP’s review focuses on either a house of directors during MICROS Systems is endeavour a satisfactory routine to obtain limit value and sufficient recompense MICROS Systems shareholders.

As an initial matter, a $68.00 partnership care represents a reward of only 20.8% formed on MICROS Systems’ normal shutting cost for a final twenty-one trade days.  This reward is significantly next a normal twenty-one trade day reward of scarcely 33% for allied exchange in a past 3 years. Further, on May 1, 2014, a MICROS Systems expelled a company’s financial formula for a mercantile 2014 third quarter, stating clever expansion in revenue, net income, and EPS.  Specifically, a association reported income of $349 million, an boost of 10.7% over a same duration 2013.  In addition, a company’s GAAP net income increasing by 13.6% year over year and a GAAP diluted EPS grew to 0.11 per share, or 20%.  In announcing these results, MICROS Systems’ President and CEO, Peter A. Altabef, commented, “We are gratified with a clever income expansion and distinction opening this quarter. We are speedy by an softened direct sourroundings for a solutions from stream and new clients.”

In light of these facts, Robbins Arroyo LLP is examining MICROS Systems’ house of directors’ preference to sell a association now rather than concede shareholders to continue to attend in a company’s continued success and destiny expansion prospects.

MICROS Systems shareholders have a choice to record a category movement lawsuit to safeguard a house of directors obtains a best probable cost for shareholders and a avowal of element information.  MICROS shareholders meddlesome in information about their rights and intensity remedies can hit profession Darnell R. Donahue during (800) 350-6003,
, or around a shareholder information form
on a firm’s website.

Robbins Arroyo LLP is a nationally famous personality in bonds lawsuit and shareholder rights law.  The law organisation represents particular and institutional investors in shareholder derivative and bonds category movement lawsuits, and has helped a clients comprehend some-more than $1 billion of value for themselves and a companies in that they have invested.   

Attorney Advertising. Past formula do not pledge a identical outcome.  

Darnell R. Donahue
Robbins Arroyo LLP

(619) 525-3990 or Toll Free (800) 350-6003

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SOURCE Robbins Arroyo LLP

Copyright (C) 2014 PR Newswire. All rights reserved


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