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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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September 30, 2014
06:34 EDTSBUXStarbucks should be bought ahead of catalysts, says Piper Jaffray
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September 29, 2014
07:51 EDTSBUXDunkin' Brands CEO not worried about Tim Hortons-Burger King deal
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September 24, 2014
13:30 EDTSBUXStarbucks adds Russia locations as sanctions accumulate, Bloomberg says
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07:31 EDTSBUXStarbucks consolidation of Japan stake makes sense, says UBS
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September 23, 2014
17:17 EDTSBUXStarbucks sees Starbucks Japan acquisition accretive to FY15 non-GAAP results
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17:06 EDTSBUXStarbucks to purchase remaining 60.5% share of Starbucks Japan for $913.5M
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06:28 EDTSBUXStarbucks developing stout beer-flavored latte, Reuters says
Starbucks is in the process of testing a new "dark barrel latte" throughout a few of its locations in Ohio in Florida, according to Reuters, citing comments from a company spokeswoman. The spokeswoman said that the coffee chain isn't releasing any data yet on when exactly the beverage will be available. Reference Link
September 16, 2014
13:19 EDTSBUXMcDonald's Canada to offer coffee in grocery stores, Reuters says
McDonald's (MCD) is poised to start offering its McCafe ground coffee throughout Canadian grocery stores this month in an effort to gain more customers in a country whose java market has been lead by competitors such as Tim Hortons (THI) and Starbucks (SBUX), according to Reuters, citing comments from McDonald's Canada CEO John Betts. Reference Link

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