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Starbucks To Acquire Remaining Shares Of East China JV For $1.3B

Starbucks announced entry into a definitive agreement to acquire the remaining 50% share of its East China business from long-term joint venture partners, Uni-President Enterprises Corporation and President Chain Store Corporation for approximately $1.3B in cash consideration in the largest single acquisition in the Company's history.

Starbucks will assume 100%...