|[June 25, 2014]
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
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
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
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