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Oracle to buy Columbia's Micros Systems in $5.3 billion deal
Oracle to buy Columbia's Micros Systems in $5.3 billion deal

Silicon Valley giant Oracle Corp. plans to acquire Columbia-based Micros Systems Inc. for $5.3 billion in a deal executives and industry observers said could generate local job growth instead of the typical corporate consolidation. In the deal announced Monday, Oracle offered $68 per share for Micros, about 20 percent more than the shares traded for before rumors of the deal began circulating last week. Oracle would gain the company's stable of brand-name customers, growth opportunities and niche technology processing sales in the hotel, restaurant and retail industries. Micros' board of directors unanimously approved the transaction, expected to close by year's end. Micros...

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