Teavana (TEA +3.1%) agrees to acquire the assets of Teaopia, a mall-based specialty tea retailer...

|By:, SA News Editor

Teavana (TEA +3.1%) agrees to acquire the assets of Teaopia, a mall-based specialty tea retailer in Canada, for $26.9M in cash. Its impact to earnings is expected to be neutral in FY 2012, excluding transaction and integration expenses, and accretive by $0.03-$0.04 in FY 2013.