Stock Market & Financial Investment News

News Breaks December 17, 2012 06:21 EDT TEA, SBUX Teavana 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 Check below for free stories on TEA;SBUX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 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. May 9, 2013 12:35 EDT SBUX On The Fly: Midday Wrap Subscribe for More Information 12:12 EDT SBUX Green Mountain rallies after earnings beat, renewed Starbucks deal Subscribe for More Information 08:07 EDT SBUX Green Mountain results mixed, Starbucks deal may have downside, says Stifel Subscribe for More Information 07:06 EDT SBUX Starbucks channel volume to reaccelerate, says Bernstein Subscribe for More Information May 8, 2013 19:06 EDT SBUX On The Fly: After Hours Movers Subscribe for More Information 16:05 EDT SBUX Green Mountain, Starbucks enter into long-term strategic partnership Starbucks (SBUX) and Green Mountain (GMCR) said they have signed an agreement that provides for the expansion of their partnership for the manufacturing, marketing, distribution, and sale of Starbucks- and Tazo-branded single serve packs for use in GMCR’s Keurig single serve brewing systems globally. Starbucks and GMCR first entered into partnership in March 2011. Under the new agreement, Starbucks will add brands and varietals to the already robust Starbucks® K-Cup® and Vue® pack portfolio of offerings for Keurig single cup brewers, ultimately tripling the number of Starbucks products and adding brands offered on the Keurig platform. Financial terms of the agreement were not disclosed. 16:03 EDT SBUX Green Mountain, Starbucks enter into long-term strategic partnership Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.