June 23, 2014 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of MICROS Systems, Inc. (NASDAQ:MCRS) shares, was announced concerning whether the takeover of MICROS Systems, Inc. by Oracle for $68.00 per share is unfair to NASDAQ:MCRS stockholders.

The investigation by a law firm concerns whether certain officers and directors of MICROS Systems, Inc. breached their fiduciary duties owed to NASDAQ:MCRS investors in connection with the proposed acquisition.

On June 23, 2014, MICROS Systems, Inc. (NASDAQ:MCRS) announced that it has entered into an agreement 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.

However, the investigation concerns whether the offer is unfair to NASDAQ:MCRS stockholders. More specifically, the investigation concerns whether the MICROS Systems Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

MICROS Systems, Inc. reported that its Total Revenue rose from $914.32 million for the 12 months period that ended on June 30, 2010 to over $1.26 billion for the 12 months period that ended on June 30, 2013 and that its respective Net Income increased from $114.35 million to $171.42 million.

Shares of MICROS Systems, Inc. (NASDAQ:MCRS) grew from $14.40 per share in early 2009 to as high as $58.30 per share in January 2014.

On June 23, 2014, NASDAQ:MCRS shares closed at $67.98 per share.