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Stock Market & Financial Investment News

News Breaks
December 17, 2012
06:21 EDTTEA, SBUXTeavana reaches settlement with shareholders over Starbucks deal
Teavana Holdings (TEA), Starbucks (SBUX) and Taj Acquisition Corp., a wholly-owned subsidiary of Starbucks, entered into an Agreement and Plan of Merger. Andrew T. Mack, SKM Equity Fund III, L.P., SKM Investment Fund and Jurgen W. Link, the holders of 28,749,196 shares of Teavana’s common stock, which constitute approximately 74% of the voting power of the outstanding shares of Teavana’s common stock, executed a written consent approving and adopting the Merger Agreement. As a result, no further approval of the stockholders of Teavana is required to adopt the Merger Agreement. Starting on November 19, three purported Teavana stockholders filed putative class actions. A fourth class action was filed in the State of Georgia on December 7 and was voluntarily dismissed without prejudice on December 13. On December 14, the parties to the Stockholder Actions entered into an MOU reflecting an agreement in principle to resolve the Stockholder Actions. Subject to completion of certain confirmatory discovery by counsel to the plaintiffs, the MOU stipulates that the parties will enter into a stipulation of settlement. As part of the settlement, the defendants deny all allegations of wrongdoing and deny that the disclosures in the Definitive Information Statement were inadequate but have agreed to provide supplemental disclosures.
News For TEA;SBUX From The Last 14 Days
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July 1, 2015
06:12 EDTSBUXStarbucks downgraded to Buy from Conviction Buy at Goldman
Goldman removed Starbucks from the Conviction Buy List and maintained its Buy rating and $57 price target based on relative valuation versus the group.
June 25, 2015
06:58 EDTSBUXPiper reiterates Starbucks as top pick, raises price target
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June 24, 2015
09:35 EDTSBUXActive equity options trading on open
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09:01 EDTSBUXAerohive names Starbucks CIO Curt Garner to board of directors
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June 23, 2015
07:46 EDTSBUXPiper Jaffray to hold a field trip
Seattle Field Trip travels throughout Seattle visiting with Costco, Starbucks and Amazon on June 23-24.
June 22, 2015
06:04 EDTSBUXStarbucks commits additional $30M as part of Global Farmer Fund program
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June 17, 2015
11:02 EDTSBUXStarbucks confirms plans to close all 23 La Boulange retail locations
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06:14 EDTSBUXStarbucks closing all La Boulange pastry shops, WSJ reports
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