Replies to post #336306 on Naz News, Gappers and FLE''s

[Tuff-Stuff]

Starbucks (SBUX) was forced to announce its plans to acquire
Teavana (TEA) a little early as news was leaked to the market ahead of the
intended after-the-bell release. Before trading was halted ahead of the
confirmation, TEA jumped from an all-time low earlier Wednesday to $13.04, up
29% on the day but well below the $15.50 SBUX has agreed to pay. The $620M deal
shows SBUX's big guns to investors who were wondering what the company's plans
in the tea space would be--following a prior announcement to expand its Tazo
Tea operations to their own retail stores. Meanwhile, TEA's 300 stores are far
overshadowed by SBUX's nearly 11K coffee shops in the US alone. SBUX is now
down 1.9% at $49.34.