Former United States Securities and Exchange Commission attorney
and the securities litigation firm of
Powers Taylor, LLP
are investigating the sale of Teavana Holdings, Inc. (“Teavana”) (NYSE: TEA) to Starbucks Corp. for shareholders. Under the proposed deal valued at approximately $620 million, Teavana shareholders will only receive $15.50 in cash for each share of Teavana stock owned, well below at least one analyst’s estimated value of $29.00 per share and the 52-week high of $26.03.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at
. There is no cost or fee to you.
The Teavana sale investigation centers on whether Teavana’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Teavana’s stock, and whether Teavana’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to an analyst with Yahoo! Finance, the true inherent value of Teavana could be as high as $29.00 per share, well above the proposed price of $15.50. Shareholder rights attorney Willie Briscoe stated that “Based upon analysts’ estimates, the recent performance of the company, and other factors, we believe that this transaction may undervalue Teavana stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC
is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP
is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.