Stock in Columbia-based Micros Systems Inc. surged Tuesday after a report that it was about to be acquired by technology giant Oracle Corp.
The company's shares shot up nearly 15 percent to close at $66.33 each in Tuesday trading after Bloomberg News reported that Oracle and Micros were in exclusive talks about the sale of the Maryland firm for more than $5 billion.
The Bloomberg report cited anonymous sources "familiar with the matter," and neither company responded to requests for comment.
It is the second time the two companies have discussed a deal, and negotiations could still collapse, the report said.
Micros Systems makes point-of-sale systems...