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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.

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