Teavana Holdings Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Starbucks Corp.

  Teavana Holdings Investor Alert: Briscoe Law Firm and Powers Taylor, LLP
  Investigate Sale to Starbucks Corp.

Business Wire

DALLAS -- November 15, 2012

Former United States Securities and Exchange Commission attorney Willie
Briscoe 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 patrick@powerstaylor.com, or Willie Briscoe at
The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. 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.

Contact:

Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com
 
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