TMCnet News
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of MICROS Systems, Inc.BALA CYNWYD, Pa. --(Business Wire)-- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of MICROS Systems, Inc. ("MICROS" or the "Company") (Nasdaq: MCRS) relating to the proposed acquisition by Oracle (News - Alert) Corporation. ("Oracle"). Click here to learn more about the investigation http://brodsky-smith.com/778-mcrs-micros-systems-inc.html, or call: 877-534-2590. There is no cost or obligation to you. Under the terms of the transaction, MICROS shareholders will receive only $68.00 in cash for each share of MICROS stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of MICROS for not acting i the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue MICROS, given that the price being paid is only 17 times MICROS earnings before interest, taxes, depreciation and amortization. This compares with the median multiple of 22 times for Internet and software acquisitions. In addition, Oracle's offer for MICROS Values the Company at only 3.5 times trailing 12-month revenue and 17 times 12-month Ebitda. This is cheaper than the median multiples buyers have paid for internet and software acquisitions larger than $1 billion. If you own shares of MICROS common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/778-mcrs-micros-systems-inc.html, or calling toll free 877-LEGAL-90. Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
|
