Travel & Entertainment M&A » By The Online Investor Staff, updated Sun., Jul. 12, 11:52 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
Slide #76. Starbucks Coffee Company — Teavana Holdings, Inc.
| Acquirer: |
Starbucks Coffee Company (SBUX) |
| Acquiree: |
Teavana Holdings, Inc. (TEA) |
| Details: |
Furthering its commitment to innovate and transform the tea industry and enhance the consumer tea experience in the U.S. and internationally, 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 the acquisition to be accretive to earnings by approximately $0.01 per share in fiscal year 2013, based off of the previously announced earnings targets. Teavana stockholders of record will receive $15.50 per share in cash in the merger which will result in Teavana becoming a wholly-owned subsidiary of Starbucks. Stockholders of Teavana holding approximately 70% of the outstanding shares of common stock have approved the merger agreement by written consent, and the closing is expected to occur by year end, following receipt of regulatory clearances. |
Starbucks is a roaster, marketer and retailer of coffee. Co.'s segments are: Americas, which is inclusive of the United States, Canada, and Latin America; International, which is inclusive of China, Japan, Asia Pacific, Europe, Middle East, and Africa; and Channel Development. Co.'s Americas and International segments include both company-operated and licensed stores. Co.'s Channel Development segment includes roasted whole bean and ground coffees, Seattle's Best Coffee®, Starbucks- and Teavana-branded single-serve products, a variety of ready-to-drink beverages, and other products sold worldwide outside of Co.'s company-operated and licensed stores.
Starbucks SEC Filing Email Alerts Service
Open the SBUX Page at The Online Investor »
Starbucks is a roaster, marketer and retailer of coffee. Co.'s segments are: Americas, which is inclusive of the United States, Canada, and Latin America; International, which is inclusive of China, Japan, Asia Pacific, Europe, Middle East, and Africa; and Channel Development. Co.'s Americas and International segments include both company-operated and licensed stores. Co.'s Channel Development segment includes roasted whole bean and ground coffees, Seattle's Best Coffee®, Starbucks- and Teavana-branded single-serve products, a variety of ready-to-drink beverages, and other products sold worldwide outside of Co.'s company-operated and licensed stores.
Starbucks SEC Filing Email Alerts Service
Open the TEA Page at The Online Investor »
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