Welcome!

News Feed Item

Oracle to Acquire Morgan Lewis Client MICROS Systems

PHILADELPHIA, PA -- (Marketwired) -- 06/23/14 -- MICROS Systems, Inc. announced today that it has agreed to be acquired by Oracle. Under the terms of the agreement, MICROS stockholders will receive $68.00 in cash for each share of common stock they hold. The purchase price represents a fully-diluted equity value of approximately $5.3 billion, or $4.6 billion net of cash. Based in Columbia, Maryland, MICROS is a provider of information technology solutions for the hospitality and retail industries. Together, Oracle and MICROS will help hotels, food & beverage facilities, and retailers to accelerate innovation, transform their businesses, and delight customers with complete, open and integrated solutions.

Led by Business and Finance partners Richard Aldridge and Colby Smith, a multi-office team of Morgan Lewis lawyers collaborated in the representation of MICROS on every aspect of the transaction.

The team was rounded out by Securities Practice partners Alan Singer and David Sirignano; Business and Finance associates Michael Baxter, Lindsay Tarnowski, James Sherwood and Sean Donahue; Antitrust Practice partners Harry Robins and Izzet Sinan, as well as associate David Brenneman; Employee Benefits and Executive Compensation Practice senior counsel Joseph Ronan Jr.; Tax Practice partner Paul Gordon; Intellectual Property partners Kenneth Davis, Douglas Crisman, and Ron Dreben, and associate Squire Servance; Litigation partners David Luttinger Jr., Christian Mixter, Steven Reed, and Elizabeth Hoop Fay, of counsel Karen Pohlmann, and associate Esther Winne.

For further information about the transaction, please see the press release issued by MICROS.

About Morgan Lewis's Mergers and Acquisitions Practice

With more than 220 lawyers in offices throughout the United States, Europe, Asia, and the Middle East, Morgan Lewis's Mergers and Acquisitions Practice has worked on hundreds of deals in every significant regulated and unregulated industry with a market value of hundreds of billions of dollars. Our lawyers have handled diverse transactions ranging from small to multibillion-dollar deals, including Rosneft's acquisition of the Itera Oil and Gas Company from Itera Holdings Limited for $2.9 billion; the merger between Jefferies Group, Inc. and Leucadia National Corporation; and the representation of Warburg Pincus and GSI Commerce in their $2.4 billion sale to eBay. We have continually been recognized as a top 10 transactional firm according to league tables from Thomson Reuters, Mergermarket, Bloomberg, and Buyouts, and the practice and its lawyers have been recognized by Chambers USA, Chambers Global and The Legal 500. Learn more about the firm's Mergers and Acquisitions Practice at http://www.morganlewis.com/mergers.

About Morgan Lewis's Business and Finance Practice

Morgan Lewis's nearly 400-lawyer Business and Finance Practice assists a diverse global clientele in the United States, Europe, Asia, and the Middle East with the full scope of strategic transactional matters, from mergers and acquisitions to fund formation and restructuring. Recent work highlighting the group's international reach includes SK Capital Partners' acquisition of the textile chemicals, paper specialties, and emulsions businesses of Switzerland-based Clariant; Chiesi Farmaceutici S.p.A.'s merger with Cornerstone Therapeutics; and Russian state development bank Vnesheconombank's EUR 1.5 billion offering of Eurobonds. Morgan Lewis consistently ranks among the premier transactional law firms, including the Top 10 in M&A transactions by Thomson Reuters, Mergermarket, Bloomberg, and Buyouts (2013), and was ranked Number One most active law firm globally based on the number of private equity funds worked on for general and limited partners (Dow Jones Private Equity Analyst, 2013). Learn more about the firm's Business and Finance Practice at http://www.morganlewis.com/business.

About Morgan, Lewis & Bockius LLP

Founded in 1873, Morgan Lewis offers more than 1,600 legal professionals -- including lawyers, patent agents, benefits advisers, regulatory scientists, and other specialists -- in 25 offices across the United States, Europe, Asia, and the Middle East. The firm provides comprehensive litigation, corporate, transactional, regulatory, intellectual property, and labor and employment legal services to clients of all sizes -- from globally established industry leaders to just-conceived start-ups. For more information about Morgan Lewis or its practices, please visit us online at www.morganlewis.com.

Contact:
Elliott Frieder
Director, Public Relations & Communications
212.309.6809
Email Contact

Charles Engros
Partner and Leader of the Business and Finance Practice
212.309.6880
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, added the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor analytic...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...