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Stock Market & Financial Investment News

News Breaks
December 31, 2012
16:07 EDTTEA, SBUXStarbucks closes Teavana acquisition
Starbucks Coffee (SBUX) announced that the company's planned acquisition of Teavana Holdings (TEA) has formally closed, making Teavana a wholly-owned subsidiary of Starbucks and the newest addition to Starbucks emerging brands portfolio, which also includes Evolution Fresh, La Boulange, Seattle's Best Coffee and Tazo. Starbucks acquired Teavana for an aggregate acquisition price of approximately $620M in cash and is expecting the acquisition to be accretive to earnings by approximately 1c per share in FY13, based upon the previously announced earnings targets. Teavana public stockholders of record will receive $15.50 per share in cash.
News For SBUX;TEA From The Last 14 Days
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December 22, 2014
16:49 EDTSBUXStarbucks to no longer use Square for mobile payments, WSJ says
Starbucks' partnership with Square for use in mobile device payments has ended, reports the Wall Street Journal. Square’s Wallet app stopped working at Starbucks locations last week and Starbucks will not accept payments from Square's new app, the Journal adds. Reference Link
December 17, 2014
09:00 EDTSBUXEU expanding 'sweetheart' tax probe, WSJ reports
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December 8, 2014
07:52 EDTSBUXStarbucks price target raised to $97 from $88 at Jefferies
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06:47 EDTSBUXStarbucks coverage resumed with a Conviction Buy at Goldman
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