logo
  Join        Login             Stock Quote

Law Office of Brodsky & Smith, LLC Announces Investigation of Teavana Holdings, Inc.

Saturday, November 24, 2012 12:35 PM


Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Teavana Holdings, Inc. (“Teavana” or the “Company”) (NYSE: TEA) relating to the proposed acquisition by Starbucks Corporation (“Starbucks”).

Under the terms of the transaction, Teavana shareholders will receive only $15.50 in cash for each share of Teavana stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Teavana for not acting in the Company’s shareholders' best interests in connection with the sale process to Starbucks. The transaction may undervalue the Company and will result in no substantial gain or even a loss for many Teavana shareholders. For example Teavana stock traded at $28.38 on August 2, 2011 and $17.36 as recently as May 25, 2012. In addition, an analyst has set a price target for Teavana stock at $24.00 per share.

If you own shares of Teavana stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/506-tea-teavana-holdings-inc.html, by calling toll free 877-LEGAL-90.

(Source: Business Wire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.