WILMINGTON, Del., June 23, 2014 /PRNewswire/ -- Andrews &
Springer LLC, a boutique securities class action law firm
focused on representing shareholders nationwide, is investigating
potential breach of fiduciary duty claims against the Board of
Directors of MICROS Systems, Inc. ("MICROS" or the "Company")
(NASDAQ: MCRS) relating to the sale of the Company to Oracle Corp.
(NYSE: ORCL) ("Oracle"). On June 23,
2014, the two companies announced the signing of a
definitive merger agreement pursuant to which Oracle will acquire
MICROS in a merger via a tender offer in a merger valued at roughly
$5.3 billion. As a result of the
merger, MICROS shareholders are only anticipated to receive
$68.00 per share in cash in exchange
for each share of MICROS they own.
The consideration that MICROS shareholders are expected to
receive does not appear to offer a premium based on price targets
set by a Yahoo! Finance analyst who recently set a price
target of $68.00 per share, the same
consideration MICROS shareholders are expected to receive.
In light of this information, Andrews & Springer is
investigating whether MICROS directors are breaching their
fiduciary duties by failing to adequately shop the company and
maximize shareholder value.
If you own shares of MICROS and want to receive additional
information and protect your investments free of charge, please
visit us at
http://www.andrewsspringer.com/cases-investigations/mcrs or contact
Craig J. Springer, Esq.
at cspringer@andrewsspringer.com, or call toll free at
1-800-423-6013. You may also follow us on LinkedIn –
www.linkedin.com/company/andrews-&-springer-llc, Twitter –
www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law
firm representing shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate
misconduct. Having formerly defended some of the largest financial
institutions in the world, our founding members use their valuable
knowledge, experience, and superior skill for the sole purpose of
achieving positive results for investors. These traits are the
hallmarks of our innovative approach to each case our Firm
decides to prosecute. For more information please visit our website
at www.andrewsspringer.com. This notice may constitute Attorney
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SOURCE Andrews & Springer LLC