MCRS
MICROS Systems, Inc.NASDAQ
MCRS is defunct.
  • Jul. 25, 2014, 4:52 AM
    • The European Comission has announced that EU antitrust regulators will determine whether to clear Oracle's (NYSE:ORCL) $5.3B bid to buy Micros (NASDAQ:MCRS) by August 29.
    • Oracle is looking to continue its fast-expanding cloud business through the new acquisition, and it will be the company's biggest purchase in five years.
    | Jul. 25, 2014, 4:52 AM
  • Jun. 23, 2014, 8:16 AM
    • Earlier rumors had Micros (MCRS) going for about $5B, and final deal for $5.3B works out to $68 per share.
    • The purchase is expected to be immediately accretive to Oracle's non-GAAP earnings and to "expand over time," says Oracle CFO Safra Catz.
    • MCRS +2.2% premarket to $67.20. ORCL +0.3%.
    • Previously: Bloomberg: Oracle close to buying Micros for ~$5B
    | Jun. 23, 2014, 8:16 AM
  • Jun. 23, 2014, 2:02 AM
    • Oracle (ORCL) is expected to announce a $5B acquisition of MICROS Systems (MCRS) this morning. The deal values MICROS at more than $67 a share, a slight premium to its $65.77 Friday close.
    • If confirmed, the acquisition would be Oracle's largest deal since it bought Sun Microsystems for $5.6B in 2009.
    • ORCL +0.1% AH
    | Jun. 23, 2014, 2:02 AM | 1 Comment
  • Jun. 17, 2014, 12:05 PM
    • Bloomberg reports Oracle (ORCL +0.9%) is close to buying leading point-of-sale hardware/software vendor Micros (MCRS +17.6%) for ~$5B.
    • Micros has soared on the report; its market cap is currently at $5.05B. Peers NCR (NCR +3.4%), VeriFone (PAY +2.2%), and PAR Technology (PAR +4.6%) are also up. Oracle has ticked higher.
    • If the report holds, Oracle will be paying ~24x FY15E (ends June '15) EPS. Micros has a long list of retail/hospitality industry clients that Oracle could offer integrated CRM hardware/software solutions to.
    • IBM and SAP have each shown an interest in growing software sales to retailers. However, Big Blue sold its POS hardware business to Toshiba in 2012.
    | Jun. 17, 2014, 12:05 PM | 4 Comments
  • Apr. 16, 2012, 1:32 PM
    IBM plans to sell its point-of-sale (POS) terminal business to Toshiba (TOSBA.PK) for ¥70B ($870M), according to Nikkei Business, with Toshiba looking to finish the deal by summer. A sale could be a positive for rival POS hardware vendors NCR, Micros (MCRS), and Verifone (PAY).
    | Apr. 16, 2012, 1:32 PM