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Stock Market & Financial Investment News

News Breaks
December 31, 2012
16:07 EDTSBUX, TEAStarbucks 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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October 16, 2014
15:11 EDTSBUXStarbucks confirms plans to roll out mobile ordering in U.S. in 2015
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08:06 EDTSBUXAlmunia says political pressure around Google case 'unprecented,' WSJ reports
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October 15, 2014
07:55 EDTSBUXStarbucks checks refute bear case, says Bernstein
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October 9, 2014
07:59 EDTSBUXKen Langone discusses new position in Starbucks
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