Starbucks’s Acquisition of Teavana

On November 14, 2012, Starbucks Coffee Company announced that it has agreed to acquire Teavana Holdings, Inc. in an all-cash transaction with an aggregate acquisition price of $620 million. Cravath represented Starbucks in this transaction.

The Cravath team was led by M&A partner Faiza J. Saeed and included associates Andrew R. Bonnes and Justin S. Zaremby on M&A matters; partner Lauren Angelilli and associate Albert Chang on tax matters; partner Eric W. Hilfers, practice area attorney Michael Krasnovsky and associate Sarah E. Fortt on executive compensation and benefits matters; partner Kevin J. Grehan, senior attorney John Gerhard and practice area attorney Joyce Law on real estate matters; and partner Matthew Morreale on environmental matters. Salvatore Gambino also worked on M&A matters.