(Reuters) - Oracle Corp ORCL.N said it would buy Micros Systems MCRS.O in a $5.3 billion deal to expand its offerings for the hospitality and retail industries.þþThe offer of $68 per share represents a premium of 3.4 percent to Micros' Friday close. (Full Story)þþMicros shares were trading at $67.20 before the bell on Monday. They have risen 14 percent since Bloomberg reported on June 17 that the companies were in talks over a deal.þþMicros Systems makes point-of-sale hardware and software for restaurants and hotels.þþThe deal is Oracle's largest since it bought Sun Microsystems for $5.6 billion in 2009.þþþ(Reporting by Supriya Kurane and Abhirup Roy in Bangalore; Editing by Sunil Nair and Saumyadeb Chakrabarty)
Source: Chicago Tribune
