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November 14, 2012
14:26 EDTTEA, SBUXTeavana surges after report of potential Starbucks takeover
Teavana (TEA), a specialty tea retailer, spiked into positive territory following a report in the Atlanta Business Chronicle that said Starbucks (SBUX) could announce plans to acquire the company. The report, which cites a source, noted that rumors of a takeover bid from the coffee giant have circulated previously and added that an announcement of an acquisition may come from Starbucks as soon as Thursday. Shares of Teavana, which had been in negative territory for the majority of today's session, spiked higher and were up $2.75, or 27.15%, to $12.88 when shares were halted, pending news.
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August 15, 2014
06:39 EDTSBUXTim Hortons aims to lure customers via new coffee launch, Reuters says
Tim Hortons (THI) is looking to attract new customers and fight competitors, such as Starbucks (SBUX) and McDonald's (MCD), by revealing a new dark roast coffee blend throughout North America while possibly increasing prices to fend-off increasing expenses and rivals, according to Reuters, citing comments from Tim Hortons CEO Marc Caira. Caira said, "Looking at the coffee market, I would suggest that, given the degree of cost increases, that we are looking at prices going up sometime in 2015." Reference Link

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