Robert Olstein Comments on MICROS Systems Inc

Sep 10, 2014

On June 23, 2014, MICROS Systems, Inc. (MCRS) announced that it has entered into a definitive agreement to be acquired by Oracle Corporation at a premium to the Fund’s cost. Following the news of the announcement, the Fund sold its remaining holdings in MICROS Systems, Inc., believing the acquirer paid a fair price.

From Robert Olstein (Trades, Portfolio)’s The Olstein Strategic Opportunities Fund’s 2014 Second Quarter Letter to Shareholders.

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