UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE
14D-9
(Rule 14d-101)
SOLICITATION/RECOMMENDATION STATEMENT
UNDER SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)
MICROS
SYSTEMS, INC.
(Name of Subject Company)
MICROS
SYSTEMS, INC.
(Name of Person(s) Filing Statement)
Common Stock, par value $0.025 per share
(Title of Class of Securities)
594901100
(CUSIP Number
of Class of Securities)
Peter A. Altabef
President and Chief Executive Officer
MICROS Systems, Inc.
7031 Columbia Gateway Drive
Columbia, Maryland 21046-2289
(443) 285-6000
(Name,
Address and Telephone Number of Person Authorized to Receive Notice and Communications
on Behalf of the Person(s) Filing Statement)
With a copy to:
Richard B. Aldridge
Morgan, Lewis & Bockius LLP
1701 Market St.
Philadelphia, PA 19103-2921
(215) 963-4829
¨
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
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This Amendment No. 5 to Schedule 14D-9 (this
Amendment
) amends and
supplements the Solicitation/Recommendation Statement on Schedule 14D-9 filed with the Securities and Exchange Commission (the
SEC
) on July 3, 2014 and subsequently amended by Amendment No. 1 filed with the SEC on
July 7, 2014, Amendment No. 2 filed with the SEC on July 14, 2014, Amendment No. 3 filed with the SEC on July 17, 2014, Amendment No. 4 filed with the SEC on July 23, 2014 (together with the Exhibits or Annexes
thereto and as amended or supplemented from time to time, the
Statement
) by MICROS Systems, Inc., a Maryland corporation (the
Company
). The Statement relates to the cash tender offer by Rocket Acquisition
Corporation, a Maryland corporation (
Purchaser
), a subsidiary of OC Acquisition LLC, a Delaware limited liability company (
Parent
), a subsidiary of Oracle Corporation, a Delaware corporation
(
Oracle
), to purchase all issued and outstanding shares of the Companys common stock, par value $0.025 per share at a purchase price of $68.00 per share, payable net to the sellers in cash, without interest thereon and
subject to any required withholding of taxes. The tender offer is disclosed in the Tender Offer Statement on Schedule TO filed by Purchaser and Parent with the SEC on July 3, 2014, and is upon the terms and subject to the conditions set forth
in the Offer to Purchase dated July 3, 2014 and in the related Letter of Transmittal, which were filed as Exhibits (a)(1)(i) and (a)(1)(ii) to the Statement, respectively.
Capitalized terms used, but not otherwise defined, in this Amendment shall have the meanings ascribed to them in the Statement. The
information in the Statement is incorporated into this Amendment by reference to all applicable items in the Statement, except that such information is hereby amended and supplemented to the extent specifically provided herein.
Item 8.
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Additional Information
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Item 8 of the Statement is hereby amended and supplemented
by amending and restating in its entirety the fourth paragraph of the subsection entitled Antitrust Compliance to read as follows:
We and Oracle also conduct business outside of the United States. Under the EC Merger Regulation, the purchase of Shares pursuant to the
Offer and the Merger may not be completed until the expiration of a 25 business day waiting period following the filing of a notification (Form CO) concerning the Offer (and the Merger) with the European Commission (the Commission),
unless the waiting period is earlier terminated. The waiting period starts the first business day after the filing of the notification. On July 24, 2014, the Form CO was submitted by Oracle, which began the 25 business day review period. The
review period is scheduled to terminate on August 29, 2014, unless extended by the Commission.
Item 8 of the Statement is hereby amended and supplemented by amending and restating the
fourth paragraph under Additional Information Certain Litigation as follows:
On July 11, 2014, plaintiffs
in the
Boudreaux
,
Stein
,
Rosenfeld
and
Scott
cases filed motions to expedite discovery and shorten the time to respond to the motions. On July 16, 2014, all five class action complaints described above (i.e. the
Boudreaux
,
Stein
,
Rosenfeld
,
Scott
and
Publishers
cases) were consolidated by order of the Circuit Court into a single action under the caption
Scott v. MICROS Systems, Inc. et al. Consolidated Case.
No. 13C14099672
. Also, on July 16, 2014, plaintiff in the
Boudreaux
case filed a motion for a temporary restraining order (TRO) to prevent proceeding with the Offer and a motion to shorten the time to respond to the
TRO. On July 21, 2014, the defendants in the actions filed their oppositions to the motions to expedite and the motion for a TRO.
On
July 22, 2014, the Circuit Court held a hearing on the four plaintiffs motions for expedited discovery and one plaintiffs motion for TRO. The Circuit Court denied the plaintiffs motion for expedited discovery and continued the
motion for TRO until a hearing scheduled for July 31, 2014 to address both the TRO and a preliminary injunction. The plaintiffs did not move for a preliminary injunction and on July 25, 2014 withdrew their request for a TRO and requested
that the scheduled July 31, 2014 hearing be cancelled.
Item 8 of the Statement is hereby amended and supplemented by inserting
the following section immediately before the section titled Forward-Looking Statements:
Extension of Offer Period
On July 29, 2014, Oracle extended the Offer until 12:00 midnight, New York City time, at the end of August 15, 2014, unless further
extended. The Offer had previously been scheduled to expire at 12:00 midnight, New York City time, at the end of July 31, 2014. American Stock Transfer & Trust Company LLC, the depositary for the Offer, has indicated that as of 12:00
midnight, New York City time, at the end of July 28, 2014, approximately 74,902,285 Shares were issued and outstanding, and 1,896,113 Shares have been tendered into and not properly withdrawn from the Offer. The press release issued by Oracle
announcing the foregoing is filed as Exhibit (a)(5)(K) to the Schedule TO and is incorporated herein by reference.
Item 9 of the Statement is hereby amended and supplemented by adding the
following exhibit:
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Exhibit No.
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Description
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(a)(5)(viii)
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Press Release issued by Oracle Corporation, dated July 29, 2014 (incorporated herein by reference to Exhibit (a)(5)(K) to Amendment No. 4 to the Schedule TO filed by Oracle Corporation with the SEC on July 29,
2014).
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and
correct.
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MICROS Systems, Inc.
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By:
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/s/ Peter A. Altabef
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Name:
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Peter A. Altabef
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Title:
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President, Chief Executive Officer
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Date:
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July 29, 2014
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