Dive Summary:

• Starbucks agreed to pay $620 million in cash for the tea chain late last year, expecting earnings of $0.01 a share.
• The deal was finalized at the start of the new year, making Teavana the newest wholly-owned subsidiary of the company.
• Teavana stockholders will receive $15.50per share in the takeover.

From the article:

Starbucks Coffee Company’s planned acquisition of Teavana Holdings has formally closed, making Teavana a wholly-owned subsidiary of Starbucks.

Starbucks acquired Teavana for an aggregate acquisition price of approximately $620m in cash and is expecting the acquisition to be accretive to earnings by approximately $0.01 per share in fiscal year 2013, based upon the previously announced earnings targets.

Starbucks agrees to acquire Teavana

Teavana public stockholders of record will receive $15.50 per share in cash.