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Stock Market & Financial Investment News

News Breaks
August 13, 2014
16:03 EDTMCRS, ORCLOracle extends tender offer for MICROS to September 2
Oracle (ORCL) announced that, in accordance with the terms of its merger agreement with MICROS (MCRS), Rocket Acquisition, a subsidiary of OC Acquisition, a subsidiary of Oracle, has extended its all-cash tender offer for $68.00 per share for all of the issued and outstanding shares of common stock of MICROS to 12:00 Midnight, New York City time, at the end of September 2, unless further extended. The tender offer was previously set to expire at 12:00 Midnight, New York City time, at the end of August 15. The extension is being made in light of the fact that the European Commission has indicated that the provisional deadline for concluding its review of the transaction under the EC Merger Regulation is August 29, and the other terms of the merger agreement, including the conditions to the tender offer. Except for the extension of the tender offer, all other terms and conditions of the tender offer remain unchanged.
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