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ValueAct Sees Promise in Micros Systems

Jeffrey Ubben’s hedge fund firm discloses a 7.5 percent stake in software company specializing in hospitality, restaurant and retail business.

News flash from San Francisco: Jeffrey Ubben’s ValueAct Capital has taken an initial stake of 7.5 percent in Micros Systems, a software company specializing in the hospitality, restaurant and retail business. For Ubben, this is a big move. ValueAct, managing more than $10 billion, is known for holding a little

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