(Reuters) - Oracle Corp said it would buy Micros Systems in a $5.3 billion deal to expand its offerings for the hospitality and retail industries.
The offer of $68 per share represents a premium of 3.4 percent to Micros' Friday close.
Micros shares were trading at $67.20 before the bell on Monday. They have risen 14 percent since Bloomberg reported on June 17 that the companies were in talks over a deal.
Micros Systems makes point-of-sale hardware and software for restaurants and hotels.
The deal is ORACLE (ORCL.NY)s largest since it bought Sun Microsystems for $5.6 billion in 2009.
(Reporting by Supriya Kurane and Abhirup Roy in Bangalore; Editing by Sunil Nair and Saumyadeb Chakrabarty)
