Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of Teavana Holdings, Inc. (TEA)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Teavana Holdings, Inc. (“Teavana” or the “Company”) (NYSE: TEA) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Starbucks Coffee Company (NASDAQ: SBUX) in an all-cash deal valued at approximately $620 million. Under the terms of the proposed transaction, Teavana’s stockholders will receive $15.50 in cash for each share of Teavana’s common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $24 for Teavana.
The investigation focuses on whether Teavana’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Teavana’s shareholders.
If you own common stock in Teavana and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.