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Starbucks Closes Teavana Acquisition

SBUX  [TEA]  

Linked by BusinessWire ( track newsfeed | ignore newsfeed ) - December 31, 04:05PM from (www.businesswire.com)

Starbucks Coffee Company (NASDAQ:SBUX) today announced that the company’s planned acquisition of Teavana Holdings, Inc. (NYSE: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 $620 million in cash and is expec

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