Oracle Corporation (NYSE:ORCL) has agreed to buy Micros Systems in its largest acquisition since 2010. This deal is valued at around $5.3 billion. Oracle is offering $68 per share for Micros, which is known for selling software that is used by retailers and hospitality companies. Oracle Corporation (NYSE:ORCL) net profit margin is 41.00% and weekly performance is -2.49%. On last trading day company shares ended up $41.10. Analysts mean target price for the company is $43.81. Oracle Corporation (NYSE:ORCL) distance from 50-day simple moving average (SMA50) is -0.49%.
Google Inc. (NASDAQ:GOOG) is putting its Glass high-tech face computer up for sale outside of the United States for the first time, choosing the United Kingdom for its first international expansion. Google Inc. (NASDAQ:GOOG) shares advanced 1.54% in last trading session and ended the day on $564.95.
MICROS Systems, Inc. (NASDAQ:MCRS), a provider of information technology solutions for the hospitality and retail industries, announced that it has entered into a definitive 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. MICROS Systems, Inc. (NASDAQ:MCRS) shares moved up 3.36% in last trading session and was closed at $67.98, while trading in range of $67.80 – $68.04. MICROS Systems, Inc. (NASDAQ:MCRS) year to date (YTD) performance is 18.49%.
Shares of Lululemon Athletica Inc. (NASDAQ:LULU) were on the rise after the company’s founder, Dennis Wilson, is pushing for changes within the company. Wilson is in the process of putting together a new team of advisors that will house names like Goldman Sachs. A spokesman for the company said that the board and management team are “relentlessly innovating to drive global expansion and create value for Lululemon shareholders.” Lululemon Athletica Inc. (NASDAQ:LULU) ended the last trading day at $41.25. Company weekly volatility is calculated as 2.17% and price to cash ratio as 7.98.Lululemon Athletica inc. (NASDAQ:LULU) showed a positive weekly performance of 7.84%.
Levi & Korsinsky is investigating the Board of Directors of Integrys Energy Group, Inc. (NYSE:TEG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Wisconsin Energy Corp. (NYSE: WEC). Integrys Energy Group, Inc. (NYSE:TEG) net profit margin is 4.60% and weekly performance is 16.54%. On last trading day company shares ended up $68.35. Analysts mean target price for the company is $60.46. Integrys Energy Group, Inc. (NYSE:TEG) distance from 50-day simple moving average (SMA50) is 16.71%.