William Blair Downgrades Teavana Holdings (TEA) to Market Perform

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Go back to William Blair Downgrades Teavana Holdings (TEA) to Market Perform

KeyBanc Downgrades Teavana Holdings (TEA) to Hold, Closure a "Virtual Certainty"

November 15, 2012 7:21 AM EST

KeyBanc downgraded Teavana Holdings (NYSE: TEA) from Buy to Hold following the takeover by Starbucks.

The analyst comments, "CEO Andrew Mack had approximately 56% ownership. This, coupled with the ownership of Apax Partners (about 16%), makes closure of the transaction a virtual certainty."... More

Starbucks (SBUX) Buys Teavana (TEA) for $620 Million

November 14, 2012 2:53 PM EST

Starbucks Coffee Company (NASDAQ: SBUX) has agreed to acquire Teavana Holdings, Inc. (NYSE: TEA) in an all-cash acquisition.

Starbucks has entered into a merger agreement with Teavana to acquire Teavana for an aggregate acquisition price of approximately $620 million in cash and expects... More