You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Starbucks to Buy Teavana for $620m

SEATTLE — Starbucks has agreed to buy Teavana Holdings for about $620 million.

Teavana investors will receive $15.50 a share in cash, Seattle-based Starbucks and Atlanta-based Teavana said Wednesday. The takeover, expected to close by year’s end, will add about 1 cent to earnings per share in Starbucks’ fiscal 2013, the companies said.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week