NEW YORK--(BUSINESS WIRE)--Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Teavana Holdings, Inc. (“Teavana” or the “Company”) (NYSE: TEA) (ISIN: US87819P1021) concerning the proposed acquisition of Teavana by Starbucks Coffee Company in a transaction valued at approximately $620 million.
The investigation concerns whether the Teavana directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Teavana shareholders would receive $$15.50 in cash per share of Teavana common stock. However, the stock has traded as high as $24 in the past year.
Teavana shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.