MICROS Systems (MCRS) to Acquire Torex Retail Holdings for GBP 114M
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MICROS Systems, Inc. (Nasdaq: MCRS), has signed an agreement to acquire the outstanding stock of Torex Retail Holdings, Ltd. from its private equity owners.
The purchase price is approximately £114.5 million in cash and the assumption of debt valued at 48.0 million Pounds. Torex Retail Holdings, Ltd., headquartered in Dunstable, England, is a provider of information technology systems for the retail, fuel and convenience stores and pub markets in the United Kingdom and Continental Europe. The deal is expected to close in a timely fashion, subject to customary government approvals.
The purchase price is approximately £114.5 million in cash and the assumption of debt valued at 48.0 million Pounds. Torex Retail Holdings, Ltd., headquartered in Dunstable, England, is a provider of information technology systems for the retail, fuel and convenience stores and pub markets in the United Kingdom and Continental Europe. The deal is expected to close in a timely fashion, subject to customary government approvals.
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