NEW YORK, Nov. 21, 2012 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Teavana Holdings, Inc. ("Teavana" or the "Company") (NYSE:TEA) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Starbucks Corporation. A complaint was filed in Georgia state court.
Click here to learn more about the investigation http://zlk.9nl.com/teavana-holdings-tea, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Teavana shareholders will receive $15.50 per share of Teavana stock they own. The transaction has a total approximate value of $620 million. The claims concern whether the Teavana Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Starbucks Corporation is underpaying for Teavana shares, thus unlawfully harming Teavana stockholders. In particular, shares of Teavana stock traded higher than the consideration as recently as May 29, 2012. Furthermore, at least one analyst set a price target for Teavana stock at $24.00 per share.
If you own common stock in Teavana and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/teavana-holdings-tea.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP