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News Breaks | | | | December 31, 2012 | | 16:07 EDT |  | SBUX, TEA | Starbucks 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. | |
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News For SBUX;TEA From The Last 14 Days Check below for free stories on SBUX;TEA the last two weeks. |
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| May 22, 2013 | | 08:03 EDT | | SBUX | Kohl's announces Michelle Gass as Chief Customer Officer
 Subscribe for More Information | | | May 21, 2013 | | 14:50 EDT |  | SBUX | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | May 13, 2013 | | 08:53 EDT |  | SBUX | Boingo Wireless price target raised to $10 from $7.50 at DA Davidson
DA Davidson increased its price target on Boingo Wireless (WIFI) as the firm expects the company to rebound in coming quarters, partly due to its new deals with Endeka and Starbucks (SBUX). The firm keeps a Buy rating on Boingo. | |
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