Reuters: Global Markets: Starbucks says to buy Teavana for $620 million

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Starbucks says to buy Teavana for $620 million Nov 14th 2012, 20:06 Tweet Share this Email Print Related News UK lawmakers slam Starbucks, Amazon and Google on tax Mon, Nov 12 2012 UPDATE 5-Leucadia to buy Jefferies in $2.8 billion deal Mon, Nov 12 2012 Starbucks raises 2013 forecast, defies industry trend Thu, Nov 1 2012 Cerberus working on takeover bid for Supervalu: sources Mon, Oct 22 2012 Analysis & Opinion Essential reading: Starbucks, Amazon and Google to face UK lawmakers over tax, and more Elsewhere in India: Maria Sharapova wins hearts, minds of cameramen Related Topics Investing Simplified » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Hot Stocks » Asian Markets » Inflows Outflows » Raindrops are seen on the Starbucks logo on a signage at a branch of the coffee shop chain in London October 8, 2012. Credit: Reuters/Luke Macgregor Wed Nov 14, 2012 3:06pm EST (Reuters) - Starbucks Corp (SBUX.O) plans to acquire Teavana Holdings Inc (TEA.N) for $620 million in cash, Starbucks said on Wednesday. Shares of Teavana, which sells tea, rose 28 percent to $12.97 in afternoon trade on the New York Stock Exchange before being halted. News of a deal was first reported by the Atlanta Business Chronicle. Starbucks said it will pay $15.50 for each Teavana share. Starbucks shares fell 1.6 percent to $49.51 on the Nasdaq. (Reporting By Martinne Geller in New York; editing by John Wallace) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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