NEW YORK, June 23, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of MICROS Systems, Inc. ("MICROS" or the Company") (NASDAQ: MCRS) on behalf of its shareholders. MICROS announced that it has entered into a definitive agreement to be acquired by Oracle. Under the terms of the agreement, MICROS stockholders will receive $68 per share in cash for each share of common stock they hold.
The investigation concerns whether the board of directors and senior management of MICROS engaged in a full and fair auction and process to insure that shareholders received the maximum amount for their shares, whether the price of $68 per share is unfairly low and whether senior management received any benefits that are not being shared with the other common stockholders of the Company. Indeed, MICROS has no long term debt and has over $650 million in cash on its balance sheet.
If you are a shareholder of MICROS and would like additional information regarding this matter, at no cost or expense, please contact us at:
Tripp Levy PLLC New York, New York Toll free: 1-800-511-7037
Tripp Levy PLLC represents individual and institutional investors in shareholder actions and, along with its affiliates, has recovered billions of dollars for shareholders in securities actions. Tripp Levy PLLC has become affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome
SOURCE Tripp Levy PLLC