BALA CYNWYD, Pa., June 24, 2014 /PRNewswire/ -- 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-News) relating to
the proposed acquisition by Oracle 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 in 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 investorrelations@brodsky-smith.com, 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.
SOURCE Brodsky & Smith, LLC