GoKawiilStarbucks reportedly explored takeover bid for Chipotle, FT says
The Financial Times reported that Starbucks has worked with advisers for months on a potential takeover of Chipotle Mexican Grill, though it remains unclear whether a formal offer was ever submitted. On the news, Starbucks shares initially dropped as much as 6.7% before settling 0.4% lower, while Chipotle shares jumped 6.2%.