BALA CYNWYD, Pa., Nov. 14, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Teavana Holdings, Inc. ("Teavana" or the "Company") (NYSE- TEA-News) relating to the proposed acquisition by Starbucks Corporation ("Starbucks").
Under the terms of the transaction, Teavana shareholders will receive only $15.50 in cash for each share of Teavana stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Teavana for not acting in the Company's shareholders' best interests in connection with the sale process to Starbucks. The transaction may undervalue the Company and will result in no substantial gain or even a loss for many Teavana shareholders. For example Teavana stock traded at $28.38 on August 2, 2011 and $17.36 as recently as May 25, 2012. In addition, an analyst has set a price target for Teavana stock at $24.00 per share.
If you own shares of Teavana stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/506-tea-teavana-holdings-inc.html, by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC